Cryptocurrencies Trade in Green as Bitcoin (BTC), Dogecoin (DOGE), XRP, and Cardano (ADA) See Notable Increases in Value
- 王林Original
- 2024-07-12 10:26:31479browse
This surge aligns with the latest U.S. jobs report, which indicated an unexpected rise in the unemployment rate, with non-farm payrolls increasing by 206
Cryptocurrencies saw a surge in value on Saturday, with major coins like Bitcoin (BTC), Dogecoin (DOGE), XRP, and Cardano (ADA) experiencing notable increases following the latest U.S. jobs report.
The surge aligns with a shift in trader bets on a September interest rate decrease, which rose to about 75%, up from 64% a week ago, according to the CME Group’s FedWatch tool.
After the U.S. Federal Reserve minutes from its June meeting signaled that the central bank may not be ready to decrease interest rates, several cryptocurrencies, including Bitcoin, saw a surge in value on Friday. However, BTC later saw a decrease, falling to $53,500 per coin.
Bitcoin price today: BTC saw a notable rise on Saturday, surging by 1.96% in the last 24 hours to $56,697, according to data from crypto ranking site CoinMarketCap. BTC had surged to an all-time high of about $74,000 in March this year, following the approval of the first U.S. spot Bitcoin ETF, however, it has since been trading within a tight range.
Dogecoin price today: DOGE saw a significant rally from its lows of $0.0915 on Friday, and continues to do so in Saturday's trading session. Dogecoin had risen by 9.60% in the last 24 hours to $0.1094, at the last check.
XRP, ADA prices today: XRP was up by 5% in the last 24 hours to $0.435, while Cardano's ADA coin was up 2.29% to $0.356, at the last check.
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