Live: BTC Slips Below $112K, ETH Weakens, and Other Crypto Market News on Sept. 10

Updated 11 hours ago by Julia Sakovich · 1 min read

What is happening in the crypto market today, on Sept. 10? Explore the latest updates.

The crypto market shed $60 billion in value within just two hours after the release of revised US employment figures that reflect a significantly weaker labor situation than previously expected. Let’s take a closer look at the latest developments in the crypto industry.

According to the Polymarket data, most traders anticipate a 25-basis-point Fed rate cut next week.

Meanwhile, JustWakingUp, leading Polymarket trader, has made a $15,000 bet on the Federal Reserve delivering a 50-basis-point rate cut. If the call proves correct, the bet could return as much as $226,000.

Bitcoin is trading below $ 112,000 again. Nevertheless, the Fed’s expected rate cut could bring massive inflows.

Explore the key factors that are projected to impact Bitcoin price in the near future here.