People & Money

Crypto markets lifted by strong US jobs report with Bitcoin, Ethereum and Cardano up five per cent

The Bitcoin price has again seen a strong start to the week, climbing to more than $24k today. The largest cryptocurrency by market capitalisation is changing hands for $24,096 this morning, up almost five per cent over the past 24 hours.

Also Read: London has world’s highest number of crypto businesses, and is in top 10 for job opportunities

Bitcoin largely held above $23,000 throughout the weekend, after a dip on Friday that analysts linked to a surprisingly strong jobs report from the US which saw 528,000 jobs added in July – more than double what many experts were predicting..

Elsewhere, other major cryptocurrencies have also seen a good start to the week. The price of Ether, the second largest crypto by market cap, is $1,769, also up roughly five per cent since this time yesterday and the highest it has been since early June.

The Bitcoin Pioneers community, backed by Barry Silbert’s Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members right across the UK.

Also Read: Crypto markets remain flat as stocks fall

We share tips, stories and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to support from Luno, each Pioneer gets £500 of Bitcoin a month to share with beginners, helping them get started.

This article was culled from cityam.com

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