#NFPCryptoImpact
Cryptocurrencies saw a notable rise led by Bitcoin, which rose 1.77% to $94,814, while Ethereum held steady at $3,296. Bitcoin found support after falling to $91,000, amid profit-taking after hitting record highs last month.
Despite the gains, the market faces challenges due to a 4.2% drop in trading volume and a large wave of exits from Bitcoin exchange-traded funds. Investors are awaiting the US jobs report to determine its impact on monetary policy. Experts have pointed to increased demand for hedging contracts amid concerns of a possible correction.
