Stephen Alpher

Traders Tuesday pushed the chances of a second consecutive 50 basis point rate Fed rate up to 61%.

A $10 billion surge in stablecoin minting over the past weeks has flooded the crypto market with liquidity, Thielen noted.

The news seems likely to further cement ideas that the Fed will trim rates just 25 basis points at its next policy meeting in November.

Bitcoin fell, with the news likely to raise the odds of a Fed pause at the its next policy meeting in November.

Uniswap's UNI token was the only CoinDesk 20 constituent in the green over the past 24 hours.

Digital assets are finally beginning to pay attention to not just the growing chance of a Trump victory in November, but also a GOP sweep, said Standard Chartered's Geoff Kendrick.

Stephen Alpher Updated 2 min read The price of bitcoin {{BTC}} put in an "upside down V" during the U.S. morning hours on Tuesday, surging

The traders appeared to have made a quick profit, selling quickly after the price jump.

The October employment numbers are among the last pieces of economic data that could factor into the elections and Fed policy meeting next week.

At least according to betting markets, the U.S. presidential election has moved to nearly a 50/50 race versus the outlook for an easy Trump victory just days ago.