The world's largest and most popular virtual currency, Bitcoin, scaled up 1.7 percent to USD 28,492.6 in price. Bitcoin's market value stood at USD 550.5 billion. The trade volume was at USD 16.5 billion.
According to data, there were 9.6 million job opportunities in the US in March, which was below the predicted 9.775 million and the lowest number since April 2021. Investors might have thought that the markets would benefit from the negative employment report.
After the release of the data, Bitcoin, which had fallen to a six-day low of USD 27,600, immediately rose to USD 28,500. In anticipation of the US Federal Reserve's announcement about a prospective interest rate hike, investors and traders may also be opening new positions, according to Mudrex's Edul Patel.
Ethererum, also known as Ether, the second-largest virtual currency, increased 1.8 percent to USD 1,862.2 and now has a market value of almost USD 223.8 billion. In the previous day, Ethereum trades were worth USD 7.4 billion.
Crypto prices increased as worries about banking instability grew after the recent failure of four US banks. Due to the failure of two banks, PACW and WAL, this occurred. According to Rajagopal Menon, Vice President, WazirX, "the failure of four U.S. banks and weak jobs data may benefit digital assets, with ETH also rising."
Meanwhile, the meme-based digital currency Dogecoin dipped 0.2 percent. It had a market value of $10.9 billion USD. The total value of the trade was USD 235.8 million.
Solana increased 0.1 percent to USD 21.9 and now has a $8.6 billion market cap. In the last 24 hours, Solana's trade volume was USD 313.7 million.
Shiba Inu gained 0.6 percent and now has a market value of $5.9 billion. In the past 24 hours, there were USD 96.5 million worth of transactions.
Polygon with a market capitalization of USD 8.9 billion, increased 1% to USD 1. In the previous 24 hours, there were USD 349.3 million in transactions.
Top Cryptocurrencies, Bitcoin, prices today, April 28, 2023
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