From Investing.com: 2024-07-06 16:00:18

Cryptocurrencies like Bitcoin, Dogecoin, and Cardano are trading in the green with significant value increases. This comes after an unexpected rise in the U.S. jobs report, showing an increase of 206,000 non-farm payrolls. Traders are now betting on a September interest rate decrease, with odds of a quarter-point cut rising to 75%.

Bitcoin rebounded to $56,697 after dropping to $53,500 following the U.S. Federal Reserve hinting at no interest rate decrease. Chairman Jerome Powell emphasized the central bank’s focus on inflation before considering monetary policy relaxation. Dogecoin also surged from lows of $0.0915 to $0.1094, while XRP and Cardano saw increases to $0.435 and $0.356, respectively.

Read more at Investing.com: Key Reason Why BTC, DOGE, XRP, ADA Seeing Price Increases By U.Today