Crypto Markets Await US Jobs Report with Mixed Sentiment
Major cryptocurrencies traded mixed as the global cryptocurrency market cap rose marginally. Bitcoin traded in the green, while Ethereum was in the red. Traders are waiting for the right time to take advantage of the one market that trades 365 days a year. The Non-Farm Payroll report is due for release on Friday, and economists are expecting that 239,000 payrolls will be added. On-chain analytics data provider CryptoQuant said that Ethereum open interest has hit a 6-month high as the Shanghai Upgrade draws nearer. Glassnode said that the 90d Simple Moving Average for fees is outpacing its yearly average, suggesting new demand is entering the market.