Crypto prices rise over 1%
Major cryptocurrencies gained more than 1% on Monday after US jobs data eased expectations for further Federal Reserve rate hikes
Cryptocurrency prices rose more than 1% in Monday’s trading after US jobs data released Friday eased pressure on the Federal Reserve to continue raising interest rates.
Traders now see a 22% probability of a Federal Reserve rate hike in October, down from 64% a week ago, while markets continue to price in an 87% probability of a rate hike in December, according to the CME FedWatch tool.
Bitcoin is currently trading above $86,000, narrowing its year-to-date loss to just 1.36%.
|
Changes in Crypto Prices |
|||
|
Cryptocurrency |
Price ($) |
Change ($) |
Change (%) |
|
BTC |
86,393.75 |
976.25 |
1.14% |
|
ETH |
2,730.41 |
28.28 |
1.05% |
|
XRP |
1.5226 |
0.0171 |
1.14% |
*Prices updated at 11:14 a.m. Makkah time.
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