Bitcoin and Ethereum See Uptick After Jobs Report; Arweave Takes Lead with Biggest Daily Gain

Bitcoin (BTC/USD) has seen an upward move, reaching past the crucial $59,000 benchmark on Friday, indicating a healthy interest among investors in the leading cryptocurrency.

Similarly, Ethereum (ETH/USD) also showed positive momentum, although it hasn't broken past the significant $3,000 threshold by the same morning.

In contrast to other cryptocurrencies, Arweave (AR/USD) stood out as the primary gainer within the last 24-hour span, suggesting a surge in investor confidence or potential utility in its associated services.

Recent labor statistics from the U.S. have shown a slowdown in nonfarm payroll additions, with 175,000 jobs added in April, a notable decrease from March's revised figure of 315,000. This development fell short of economists' expectations set at 238,000, according to the Bureau of Labor Statistics.

Parallel to these job numbers, the global cryptocurrency market cap witnessed a minor rise to $2.21 trillion, posting a 24-hour increase of 0.2%. Reflecting this, BTC traded 1.8% higher at $59,749, while ETH saw a modest rise of around 0.3% to $2,996 on Friday.

Leading Gainers and Losers in Crypto

Top Gainers:

Arweave (AR/USD), with a significant 24-hour gain of 9.1%, priced at $35.18.

Other noteworthy appreciations include Toncoin (TON/USD) climbing 8.3%, Optimism (OP/USD) with a 5.8% rise, Hedera (HBAR/USD) up by 5.7%, and Pendle (PENDLE/USD) increasing by 5.3%.

Notable Declines

On the Flip Side: Sui (SUI/USD) took the biggest hit encountering a 6.5% drop.

Joining the losers, Axelar (AXL/USD) decreased by 5.6%, Celestia (TIA/USD) fell by 4.2%, Gnosis (GNO/USD) also dipped by 4.2%, and Ethena (ENA/USD) lost 3.3% over the same period.

Bitcoin, Ethereum, Arweave