CryptMarket Analysis — 8-9-18
This hour saw key macro and regulatory developments shaping crypto market sentiment. The U.S. jobs report revealed only 22,000 job additions in August, fueling expectations for deeper Federal Reserve rate cuts—a dovish shift that typically lifts risk assets, but bitcoin stayed below $112K as investors adopted caution. Meanwhile, the Senate Banking Committee released a new draft for crypto market structure regulation, ramping up debate between industry leaders and lawmakers like Elizabeth Warren, suggesting imminent changes to the U.S. crypto regulatory environment. Ether ETFs continued to shed assets, signaling diverging flows between bitcoin and Ethereum-linked instruments. Overall, while recession signals and rate cut momentum increase volatility, persistent outflows from Ether and muted crypto rallies suggest continued short-term caution amid anticipation of regulatory moves.