Crypto Market Highlights: Ripple’s Bid Fails, BTC Consolidates & Job Report Looms

Here’s a look at the key happenings in the crypto world today: Bitcoin continues to consolidate near $95K ahead of the U.S. Jobs report, influenced by the latest inflation data from the BEA. The PCE Index, which tracks inflation, eased to 2.3% year-on-year and aligns with market expectations. With no surprises in inflation, the market is now turning its attention towards the upcoming U.S. jobs report due on May 2nd. This report will shed light on the labor market health, with a weak report potentially paving the way for a Fed rate cut and boosting risk-on sentiment across various assets, including Bitcoin and other cryptocurrencies.