Top Crypto Gainers Today on DEXScreener – SHIN, SPIKE, PEAR

#altcoins #BTC #Write&Earn #Write2Earn! #bitcoin

As the price of Bitcoin ($BTC ) pushed back towards its highest since mid-May on a combination of macro tailwinds and strengthening demand for spot Bitcoin ETFs from US investors, investors hunting for top crypto gainers today are diving into the highly illiquid and volatile on-chain markets.

Bitcoin pushed as high as $71,700 earlier on Wednesday as May ADP National Employment data missed expectations.

That comes after softer-than-expected job opening data released on Tuesday. Combined, these data points suggest that Friday’s official jobs report shouldn’t come in too hot.

That’s all contributing to optimism that Fed rate cuts are coming in September, despite still strong service sector activity.

Rate cut bets pushed US 10-year yields to their lowest levels in over a month below 4.30% on Tuesday.

And that is lifting sentiment in the US equity and crypto markets, hence the Bitcoin rally.$BTC

CRYPTONEWS