#Bitcoin $BTC
Bitcoin rebounds suddenly after nearly falling below $90,000:
The market awaits the monthly jobs report in the United States for a clearer assessment of the American labor market, which plays an important role in determining the path of the Federal Reserve’s monetary policy
- Cryptocurrencies witnessed a significant rise during the past few hours of trading on Friday, led by Bitcoin, as investors strengthened their buying positions to benefit from the low prices reached by this digital asset, the largest in terms of market value.
Bitcoin recorded a rise of 1.77% in the last 24 hours to reach $94,814 by 11:50 AM Mecca time, while Ethereum stabilized at $3,296.
Other coins saw similar gains, with Cardano up 4.3% and Dogecoin up 1% to 33.66 cents.
Bitcoin found strong support after falling to $91,000, levels not seen in more than a month, amid profit-taking after hitting record highs of over $108,000 last month.
However, investors appear to be cautious in the cryptocurrency market, with trading volume down 4.2% to $152.5 billion over the past 24 hours.