#اخبار_الكريبتو_العاجلة #اقتصاد_لامركزي #عملات_رقمية #wct $BTC
a$XRP
Bitcoin rose on Friday amid a broader rally in risk-driven markets as traders await upcoming U.S. non-farm payroll data to confirm expectations for a rate cut in September.
The largest cryptocurrency in the world also made some gains this week, recovering from sharp declines recorded during most of August. However, broader cryptocurrency prices remained stable on Friday and also suffered from limited-range performance during the week.
Bitcoin rose by 0.8% to $111,537.3 by 09:35 Saudi time.
Cryptocurrency markets have largely lagged behind the rise in broader risk-driven assets this week, amid growing conviction that the Federal Reserve will cut interest rates later this month.
Expectations for a rate cut were bolstered by statements from several Federal Reserve officials that weakness in the labor market will make the central bank more open to easing. These comments echo a similar sentiment raised by Federal Reserve Chairman Jerome Powell in August.
Other labor market data released this week - including job vacancies and unemployment claims - showed results below expectations, increasing speculation about a rate cut in September.
Non-farm payroll data - scheduled for release at 15:30 Saudi time - is expected to show that employment growth remained weak in August, adding to signs of a labor market slowdown. The reading is expected to prepare the Federal Reserve for a rate cut in September.
Federal Reserve futures contracts showed that markets are pricing in over a 96% probability that the Federal Reserve will cut interest rates by 25 basis points during its meeting on September 16-17, according to CME Fedwatch.
Low interest rates tend to benefit assets like cryptocurrencies, as they increase market liquidity levels and free up more capital for speculation.
Cryptocurrency prices today: Bitcoin is heading for weekly gains while altcoins lag behind.
Bitcoin rose by 2.6% this week, showing some relief after dropping from record levels in late August. The largest cryptocurrency in the world has largely remained range-bound, with limited support from more corporate buying of Bitcoin and plans for friendlier regulations in the United States.
Broader cryptocurrency prices lagged behind Bitcoin this week. Ether, the second-largest cryptocurrency in the world, fell by 0.6% to $4,338.67 and was experiencing small losses for the week.
Solana fell by 0.9%, while Cardano rose by 0.2%, with both alternative coins also heading toward a quiet weekend.
Among meme coins, Dogecoin remained stable, while $TRUMP rose by 0.6%.
