The ISM Services PMI unexpectedly fell to the breakeven point of 50, missing market forecasts and raising new questions about US economic momentum.
The bank projects a near-term price target of $135,000 for Bitcoin, citing heavy ETF inflows and a break from historical post-halving patterns.
Major indices post gains with the S&P 500 touching a new high as investors anticipate potential monetary easing from the Federal Reserve.
The ongoing government shutdown has postponed the release of key economic data, leaving the Federal Reserve and investors in the dark.
The broad cryptocurrency rally sees XRP top $3 and Ethereum reclaim $4,500 as bullish momentum returns to the market.
JPMorgan amplifies the rally, raising its year-end price target for the cryptocurrency to $165,000, citing significant undervaluation.
Investor optimism surges on the back of OpenAI's ambitious Stargate project, overriding concerns about a potential US government shutdown.
ADP report reveals unexpected job losses, intensified by the ongoing government shutdown and delayed BLS data.