As traders reacted to the latest news from the US, the price of Bitcoin (BTC) and Ethereum (ETH) both saw strong gains, reaching highs not seen in weeks. The Non-Farm Payrolls data for December came in at 223,000, beating expectations of 200,000.
Bitcoin
BTC/USD saw a surge in price following the news, with a high of $16,991.99, a level not seen since early December. The 10-day moving average (red) crossed over the 25-day (blue) confirming the bullish momentum, while the RSI also rose to 52.24.
The next resistance level to watch is the 55.00 mark, where the bulls are likely to aim for.
Ethereum
ETH/USD also had a strong start to the weekend, reaching an intraday high of $1,273.22, its highest point since December 17. The 10-day moving average (red) crossed over the 25-day (blue), indicating that bullish momentum is in play.
