XRP led gains among major cryptocurrencies on Monday as bitcoin and ether extended their recoveries after last week's favorable jobs report. By shauryamalwa
Bitcoin broke above resistance, buoyed by several catalysts.
“Despite U.S. jobs data on Friday being better than expected, global markets responded positively to the news, as investors admire the strength of the labor market,” Marcus Sotiriou, an analyst at cryptocurrency brokerage GlobalBlock, said in an email to CoinDesk. Some traders expect bitcoin to see more interest from investors even as the U.S. Federal Reserve tightens monetary policy.
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