In Asian morning trading on Monday, Bitcoin and Ether rose along with the other top 10 non-stablecoin cryptocurrencies in terms of market capitalization, with Cardano and BNB experiencing the most change.
After the most recent U.S. jobs data on Friday sparked a rally on Wall Street, many cryptocurrencies have gained over the past few days.
In the 24 hours to 8 a.m. in Hong Kong, Bitcoin was up 1% to US$17,117, breaking the US$17,000 mark for the first time since late December. This was a 2.9% increase over the week. Ether acquired 1.9% to US$1,287, a 7.3% week by week ascend, as indicated by CoinMarketCap.
Cardano gained 18.8% over the past week, rising 7.3% to US$0.29. According to Lithuanian cryptocurrency exchange CoinGate, ADA, the native cryptocurrency of the Cardano blockchain, made it into the top 10 most used cryptocurrencies for payments for the first time, triggering this price surge.
BNB gained 12.5% over the past seven days, reaching US$274.77, up 5.3%. The MATIC of Polygon gained 4.1 percent to trade at US$0.84, bringing its weekly gains to 9.5 percent.
The total trading volume was US$20.4 billion, up 14.7% over the previous 24 hours, and the total cryptocurrency market capitalization was US$830.4 billion, up 0.8%.
The S&P 500 Index went up by 2.3%, the Nasdaq Composite Index went up by 2.6%, and the Dow Jones Industrial Average went up by 2.1%. These gains mark the Nasdaq’s best trading day since Dec. 29 and the Dow and S&P 500’s best day since Nov. 30.
Friday’s data from the U.S. Labor Department showed that non-farm payrolls increased by 223,000 jobs in December, exceeding expectations. However, wages only increased by 0.3 percent for the month, rather than the predicted 0.4 percent.
The Institute for Supply Management reported on Friday that its Purchasing Manager Index decreased to 49.6 in December, down from 56.5 in November, indicating that U.S. services activity also contracted for the first time in 2.5 years. A reading on this index below 50 indicates a sector contraction.
Investors are keeping an eye out for any indications that the U.S. Federal Reserve’s campaign to raise interest rates over the course of months has had the intended effect of reducing the country’s high inflation.
In December, the Federal Reserve increased rates by 50 basis points, bringing benchmark rates to between 4.25 and 4.5 percent, the highest level in 15 years.
On Thursday, January 12, the most important inflation indicator, the U.S. Consumer Price Index, will be released.
Bitcoin 
Ethereum 
BNB 
Shiba Inu 
VeChain 
Terra Luna Classic 
English 
Spanish
Bull run 🥰🥰🥰
Yes
Bitcoin to 100k soon
Finally some movement, so boring wtf