Strong performance in Bitcoin, Ether, and crypto market overall: BTC over $17,000

Great news for Bitcoin and Ethereum investors!

Cardano and BNB coins are doing well in Asia, as the most exchanged crypto currencies.

The latest U.S. jobs data, released last Friday, triggered a Wall Street rally and several cryptocurrencies have surged in response.

Here’s a breakdown of these surges to keep you in the loop:

• Cardono tops the charts with a 7.3% growth trading at $0.29. This concludes a successful 18.8% increase during the past week. According to the crypto payment processor Coingate, ADA, Cardano’s native cryptocurrency is now in the top 10 most-used cryptocurrencies for payments for the first time,
• Over the last 7 days, BNB has risen by 12.5% to US$274.77.
• On the other hand, the most popular crypto currency, Bitcoin, breaks the glass ceiling rising by 1% to US$17,117. A feat previously achieved in December 2022, which closes the week with a 2.9% increase.
• According to CoinMarketCap, Bitcoins current competitor, Ether, increased by 1.9% to reach a value of $1,287, representing a weekly increase of 7.3%.
• Polygon’s MATIC numbers also look promising, with an increase of 4.1% to reach a value of $0.84 over the past week, resulting in a total gain of 10.5%.

All thumbs up!

All cryptocurrencies are faring well on the market with an increase of 0.8%, bringing the total value to $830.4 billion in the week starting Jan 9, 2023.

The total amount of cryptocurrencies traded in the last 24 hours is $20.4 billion, which represents a 14.7% increase.

In just one day of trading, the Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite Index recorded significant increases. 

• The Dow Jones recorded a 2.1% upsurge
• S&P 500 rose by 2.3%
• Nasdaq closed 2.6% higher

These markups are the largest single-day increases for both the Dow and S7P 500 since November 2023, and the best achievement for the Nasdaq since December 2022.