DecentralandCrypto Price Today: Bitcoin rises above $26,400 amid positive unemployment data in the US
Indiatimes
•3 days ago
Cryptocurrency markets experienced a slight increase in trading on Friday due to positive weekly unemployment data in the US. Bitcoin rose by 0.93%, reaching $26,450, and Ethereum was above $1,800. Other top crypto tokens,
Trained AI Editor
According to analysts, the positive unemployment data released in the US on Thursday helped to bolster the confidence of investors in the cryptocurrency market, leading to the strong performance of Bitcoin which rose above $26,400. This surge in Bitcoin's price was also driven by the increasing demand for digital assets as a safe-haven asset amid a weakening US dollar. The positive economic data also helped to ease concerns over the impact of the Covid-19 pandemic on the global economy, further contributing to the bullish momentum in the cryptocurrency market.
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