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
The US Labor Department reported that the economy added 245,000 jobs in November, surpassing expectations and pushing the unemployment rate down to 6.7%. The positive news of a robust job market helped to fuel the rise in Bitcoin prices as investors sought out safe-haven assets to store their money. According to cryptocurrency analysis platform CoinMarketCap, Bitcoin's price rose to a new all-time high of $26,400, surpassing the previous record set in 2017. With the surge in Bitcoin's price, many analysts believe that the cryptocurrency is likely to continue its upward trend in the near future.
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