Cryptocurrencies gained ground on Thursday while major stock indexes closed at all-time highs, as softer-than-expected jobs data lowered expectations for a Federal Reserve rate hike.
Cryptocurrency
24-Hour Gains +/-
Price (Recorded at 10:20 p.m. EDT)
Bitcoin (CRYPTO: BTC)
+2.19%
$61,460.31
Ethereum (CRYPTO: ETH)
+5.67%
$1,708.41
XRP (CRYPTO: XRP)
+3.23%
$1.09
Solana (CRYPTO: SOL)
+4.20%
$81.33
Dogecoin (CRYPTO: DOGE)
+3.17%
$0.07466 Crypto Market Rallies
Bitcoin briefly broke $62,000 but failed to sustain the rally, pulling back to the low $61,000 range. Ethereum experienced a more pronounced rally, breaking through the $1,700 level before consolidating sideways.
Cryptocurrency-related stocks lifted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 7.90% and 1.48%, respectively.
Nearly $460 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in short positions, according to Coinglass data
Bitcoin's open interest rose 1.14% over the last 24 hours to $46.22 billion. Derivatives traders on Binance, incl