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Cryptocurrency prices rebounded on Friday, as markets prepared for the latest U.S. nonfarm payrolls (NFP) report. It is expected that 200,000 jobs will have been added to the United States workforce, which comes as job openings once again trended higher. Bitcoin moved away from a recent floor of $20,060, with ethereum surging closer to $1,600 ahead of today&#x2019 ;s report. Bitcoin Bitcoin (BTC) prices rebounded on Friday, as markets began to prepare for the release of October’s nonfarm payrolls report. The jobs day report is expected to show that 200,000 jobs were added to the U.S. economy last month, lower than September’s figure of 263,000. BTC/USD rallied to a peak of $20,642.81 ahead of the report, moving away from Thursday’s low of $20,086.24 in the process. BTC/USD – Daily Chart Today’s surge sees the world&#x2019 ;s largest token move towards a ceiling of $20,800, which was last hit on October 30. Since last week’s failed break...

Ethereum was trading above $1,600 on Monday, as markets prepared for the latest U.S. Federal Reserve policy meeting. The Fed is expected to hike rates by 75 basis points this week, as inflation remains at historical highs. Bitcoin also rebounded, hovering marginally below $21,000 in today’s session. Bitcoin Bitcoin (BTC) remained closer to $21,000 on Monday, as markets rebounded from yesterday’s sell-off. Following Sunday’s low of $20,461.72, BTC/USD surged to an intraday peak of $20,791.67 earlier today. The move sees the token edge closer to Saturday’s high of $21,080, which was the strongest point the token had hit since September 13. BTC/USD – Daily Chart Looking at the chart, Monday’s surge sent BTC close to its long-term price resistance of $20,800, which hasn’t truly been broken since early September. Price strength has also rebounded, with the 14-day relative strength index (RSI) now tracking at 61.47, which is close to it...

Bitcoin was trading lower on Saturday, as cryptocurrency prices continued to trade in the red following the latest U.S. nonfarm payrolls (NFP) report. The token dropped for a fourth consecutive day, moving closer to a key support point in the process. Ethereum was also in the red, hitting a five-day low in the process. Bitcoin Bearish sentiment remained in bitcoin (BTC) markets to start the weekend, as they continued to digest the latest nonfarm payrolls (NFP) report. Following the better-than-expected jobs report, BTC/USD fell to an intraday low of $19,395.79 earlier in the day. The move pushed the token close to a key support point of $19,200, and as of writing, it is trading close to a six-day low. BTC/USD – Daily Chart Looking at the chart, the 14-day relative strength index (RSI) has also dropped, and is also approaching a floor of 45.70. Despite moving closer to this bottom, the 10-day (red) moving average has recently crossed over its 25-day (blue) counterpart, wh...