Why Are Bitcoin, Ethereum, and XRP Prices Rising?
Ethereum, Bitcoin, and XRP prices are climbing this week, with ETH, BTC, and XRP all sitting at technical levels that could decide where they go next.
The gains follow soft US jobs data and comments from Fed Governor Christopher Waller. He said he could support holding rates steady if inflation keeps cooling.
That was enough to give crypto a lift. Traders are now watching Friday's jobs report closely, along with two bigger events later this month.
Why Are Crypto Prices Up Today?
Weekly jobless claims came in at 206,000, a bit above what economists expected. ADP private payroll data was even weaker, showing just 38,000 new jobs against a forecast of 47,000.
Weak hiring numbers usually raise hopes for lower interest rates. Lower rates tend to push money into riskier assets like Bitcoin and altcoins.
Not every data point pointed to a slowdown. The ISM Services Index came in at 55.4, ahead of the 54.3 forecast. Services activity is still growing even as hiring cools.
What Are the Odds of a Fed Rate Cut in September 2026?$BTC
$ETH
$XRP
Ethereum, Bitcoin, and XRP prices are climbing this week, with ETH, BTC, and XRP all sitting at technical levels that could decide where they go next.
The gains follow soft US jobs data and comments from Fed Governor Christopher Waller. He said he could support holding rates steady if inflation keeps cooling.
That was enough to give crypto a lift. Traders are now watching Friday's jobs report closely, along with two bigger events later this month.
Why Are Crypto Prices Up Today?
Weekly jobless claims came in at 206,000, a bit above what economists expected. ADP private payroll data was even weaker, showing just 38,000 new jobs against a forecast of 47,000.
Weak hiring numbers usually raise hopes for lower interest rates. Lower rates tend to push money into riskier assets like Bitcoin and altcoins.
Not every data point pointed to a slowdown. The ISM Services Index came in at 55.4, ahead of the 54.3 forecast. Services activity is still growing even as hiring cools.
What Are the Odds of a Fed Rate Cut in September 2026?$BTC
$ETH
$XRP
