BTC has been on fire since the beginning of the new month. price finally broke through the stubborn $ 49K resistance zone and climbed to its highest level in three months.
BTC / USD pair surpassed $ 50K as shares tumbled after a report by US officials that revealed disappointing gains in US employment. subdued outlook for the US economy pushed the dollar and the S&P 500 index lower, while also boosting interest in hedging assets like Bitcoin and gold.
As the fast-spreading Delta variant causes a slowdown in the US labor sector, crypto and blockchain jobs have seen explosive growth.
According to a study from the employment website In fact, job openings in crypto and blockchain have been increasing steadily since September 2020. findings, shared by the Korea IT Times, highlight growing institutional adoption as the main reason for the increased demand for crypto experts.
new data suggests that blockchain jobs posted on the employment website have risen 118% in the last ten months.
BTC and ETH Bulls return to the scene
All systems go for the market leaders BTC and ETH, who have been on a roll recently. two cryptocurrencies are approaching final hurdles that could open the doors to new all-time highs.
world’s first crypto, Bitcoin, rose above $ 50.5K on Friday, rising from a low of $ 48,300 seen the day before. remarkable crossover above $ 50,000 thrilled Petr Kozyakov, co-founder of the Mercuryo payment network.
” major cryptocurrency still has the inherent characteristics that attract investors and buyers,” noted the CEO.
However, Kozyakov regretted that Bitcoin’s rising price valuation has still done little to eliminate price shocks in the market.
Analyst Michaël van de Poppe also praised Bitcoin’s impressive move above $ 50,000. He predicted in a YouTube update that the ‘final resistance’ of $ 51K could soon fade. respected analyst added that a vertical candle towards $ 58K would follow quickly if the bulls break through that hurdle.
Meanwhile, ETH continued its rally in the European session, topping $ 3,900 to hit a three-month high. Since the beginning of August, the second-place perennial crypto has surged nearly 50% and is approaching its final resistance before toppling $ 4K.
altcoin has outperformed its older brother for the past year. It has given investors returns of over 700% compared to Bitcoin’s 300% returns over the same period.
ADA on a safe road at $ 4
Cardano (ADA) has posted massive gains relatively quickly and recently broke the critical resistance point at $ 3. third most valuable digital asset hit a new all-time high of $ 3.10 on Friday amid growing interest generated by the upcoming Alonzo Purple. Hard Fork.
Scheduled for September 12, the groundbreaking update brings smart contract capability to Cardano. Users will soon carry out DeFi services and create NFTs on the blockchain, putting ADA on its way for $ 4.
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