Bitcoin futures top $80,000 as August consumer confidence falls
Bitcoin futures surpass $80,000 for the first time since mid-May as August consumer confidence drops to 89.4 and new home sales fall below expectations to 607,000.
Markets remain focused on upcoming PCE data and the Jackson Hole symposium as major indices hold relatively steady.
August consumer confidence dropped to 89.4, and new home sales fell below expectations to 607,000, signaling potential shifts in consumer spending and the housing sector.
In the equities space, E-mini S&P 500 put volume approaches 65%, while Nasdaq-100 call options expiring this week see a significant rise in activity.
In cryptocurrency markets, Bitcoin futures surpassed the $80,000 mark for the first time since mid-May amid growing concerns over U.S. fiscal health.
Additionally, CME Group introduced its new E-nano Equity Index futures, providing market participants with ultra-small contracts sized at one-tenth of the Micro E-mini futures multiplier.