Bitcoin price climbs 1.21%, above $62.8k as demand for US Bitcoin spot ETFs surges.
Ethereum and Solana post gains, with ETH up 1.38% and SOL rising 1.89%.
Mog Coin tops the gainers list with a 16.69% surge, while Monero leads the losers, down 4.31%.
Crypto Market Overview: The cryptocurrency business has traced back to its total market cap of $2.19 trillion
. The US Jobs Report positively impacted market sentiment, easing concerns about an economic slowdown and driving increased interest in riskier assets like cryptocurrencies.
As a result, the market is seeing amplified activity, with intraday trading volumes surging by 73.81% to $61.08 billion.
Successively. the Fear & Greed Index at press time sits at 43, indicating a neutral sentiment.
Bitcoin Price Update:
BTC Price Crosses $62 Mark!
Bitcoin (BTC) has gained 1.21% in the last 24 hours, trading at $62,861.64.
Following the strong US jobs report, demand for US Bitcoin spot ETFs increased, leading to a net inflow of $25.6 million. This shift in the supply-demand balance has bolstered Bitcoin’s price stability.
Notably, the 24-hour trading volume for Bitcoin jumped by 97.84%, showing greater market interest.