Crypto Price Today: Bitcoin rises above $26,400 amid positive unemployment data in the US

economictimes.indiatimes.com:

cryptocurrency markets were majorly trading higher on Friday amid positive weekly unemployment data in the US. Bitcoin (BTC) rose 0.93% to $26,450 whereas Ethereum (ETH) was above the $1,800 level. BTC volume in the last 24 hours stood at approximately $12.66 billion, down 20.62%. «Crypto markets have traded sideways in the last 24 hours. The slight increase could be attributed to positive weekly unemployment data in the US,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Crypto markets seem to be in a holding phase currently wherein investors are awaiting a clear resolution on US’ debt ceiling conversations, Parth added. Other top crypto tokens were also trading higher on Friday. Litecoin surged nearly 2%. Ethereum, Polygon, and XRP were also trading higher.

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The total volume in DeFi is currently 1.73 billion, 6.23% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.70 billion, which is 92.73% of the total crypto market 24-hour volume. The global cryptocurrency market cap was trading higher around $1.11 trillion, rising 0.70% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $512 billion. Bitcoin’s dominance is currently 46.16%, an increase of 0.03% over the day, according to CoinMarketCap. «Bitcoin traded around $26.5K as investors overlooked unexpected positive jobs and productivity figures. As we navigate