The market experienced a sharp sell-off over the weekend, with $BTC briefly breaking below $112K. As of now, $BTC is trading at $114,213 and $ETH at $3,496, with Bitcoin dominance at 62.23%.
U.S. nonfarm payrolls came in at just 73,000 in July—well below expectations—while prior months were revised down by 258,000, signaling a cooling labor market (see below). With unemployment at 4.2% and wages up 3.9% YoY, this week features a quiet calendar and few earnings reports.
A few notable headlines from the weekend include: Arkham reveals Chinese mining pool "Lubian" was hacked in 2020 for 127,426 BTC; OpenAI raises $8.3B at a $300B valuation; and Trump Media stock slides as firm reports $20 million quarterly loss.
Over the past 24 hours, the top three gainers were $CFX, $WEMIX, and $ENA, while the top three losers were $BDX, $AB, and $KAIA.
