cryptocurrenciesAlthough the stock market was affected by the negative start of the week, it recovered towards the evening hours.
After the US jobs data released last Friday, the cryptos closed the week calmly. However, digital assets fell as stock indices reacted negatively to the data.
Adam Farthing, risk manager of crypto liquidity provider B2C2, commented on the market recently:
“We had a quiet week as the perception that the FED is successful in fighting inflation persists. However, the employment data received on the last business day raised a question mark that interest rate increases could continue in the summer months.
Fighting inflation, the FED takes employment data very seriously. The fact that more people have jobs than expected during the month causes demand-side pressure to continue as it increases the number of citizens making money.
Latest Situation in Cryptocurrency
- Bitcoin (BTC) It is currently trading at $23,100.
- Ethereum (ETH) It is currently trading at $1650.
- Frax Share (FXS) It has become the best start to the week, gaining 18% in the last 24 hours. As of now, it finds buyers at $11.83.
- Bitcoin SV (BSV) On the other hand, it was the worst start to the week with 3.15% depreciation. It is currently trading at $42.80.
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