Bitcoin moved higher in the US
30
,000 band in Friday morning trading in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ethereum led the winners following the blockchain’s Shanghai hard fork this week, jumping almost 10% and breaching the US
2
,000 mark for the first time since August 2022. U.S. equities rallied overnight on softer readings in the U.S. producer price index (PPI) and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation.
2
,000 mark for the first time since August 2022. U.S. equities rallied overnight on softer readings in the U.S. producer price index (PPI) and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation.