CryptMarket Analysis — 8-09-15
The crypto market remains relatively flat following the release of a weaker-than-expected U.S. jobs report, with only 22,000 jobs added in August and unemployment rising to 4.3%. This has amplified expectations for multiple Fed rate cuts, yet Bitcoin continues to hover below $112K, rather than rallying as some anticipated. ETF data shows a sharp divergence in sentiment; spot Bitcoin ETFs reported $284 million in inflows, while Ether-focused ETFs shed over $950 million in just five days, highlighting significant repositioning among institutional investors. Short-term market sentiment is cautious, with traders watching for potential downside risk in Bitcoin as the lack of bullish catalysts and technical softness prompt some to target bids as low as $94K and $82K in case of a market correction. Regulatory and macroeconomic developments will remain key drivers as investors await clearer signals from policymakers and risk-off sentiment persists.