Major coins were seen in the green on Sunday night as the global cryptocurrency market cap rose 1% to $947.5 billion as of 9:19 p.m. EDT.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 0.5% | 2.1% | $19,507.12 |
| ether ETH/USD | 1.7% | 4.1% | $1,335.24 |
| Dogecoins DOGE/USD | 1.2% | 4.5% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| TerraClassicUSD (USTC) | +16.9% | $0.03 |
| Kasper (CSPR) | +6.2% | $0.04 |
| XRP (XRP) | +5.55% | $0.54 |
See also: Best Crypto Debit Cards
Why it matters: Bitcoin and Ethereum traded higher for the day even as US stock futures opened lower at the start of the new trading week. The S&P 500 and Nasdaq futures are each trading 0.5% lower as of this writing.
Ethereum’s gains surpassed Bitcoin’s on intraday and seven-day basis.
There was a “surge” in the number of new Ethereum addresses created on Sunday. mood tweeted that 135,780 new ETH addresses had appeared on the network.
“This is 11.1% more network growth than the second-highest figure of 2022 (January 3). Increases in utility often foreshadow potential asset breakouts,” the market research platform said.
#Ether saw a flood of new addresses on Saturday with 135,780 new addresses $ETH Addresses that appear on the network. That’s 11.1% more network growth than the second-highest figure of 2022 (January 3). Increases in utility often foreshadow potential asset breakouts. https://t.co/tIRv6sJxJc pic.twitter.com/boA6v5jk8W
— Santiment (@santimentfeed) October 9, 2022
On the macro front, Labor Department data suggested that the U.S 263,000 jobs created in September – the figure was higher than the 250,000 figure estimated by economists.
OANDA Senior Market Analyst Edward Moya said we “won’t see a Fed cut at the next FOMC meeting in November”.
“The labor market remains strong and…
