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Bitcoin hits $40,000 as LEO leads Friday rally – market updates
Bitcoin rallied above $40,000 on Friday, but this was not the biggest move in crypto markets to end the week. Cryptocurrencies rose today after news that over 400,000 jobs were added to the US economy last month. Biggest Gainers Bitcoin (BTC) climbed to $40,000, Ethereum quickly approached $3,000 and Solana neared $110, but none of them were the big movers today. That honor went to UNUS SED LEO, which was up a whopping 30% on Friday and nearly 55% over the last 7 days. LEO/USD rose to an intraday high...
Bitcoin hits $40,000 as LEO leads Friday rally – market updates
Bitcoin rallied above $40,000 on Friday, but this was not the biggest move in crypto markets to end the week. Cryptocurrencies rose today after news that over 400,000 jobs were added to the US economy last month.
Biggest winners
Bitcoin (BTC) climbed to $40,000, Ethereum was quickly approaching $3,000 and Solana was approaching $110, but none of them were big movers today.
That honor went to UNUS SED LEO, which was up a whopping 30% on Friday and nearly 55% over the last 7 days.
LEO/USD rose to an intraday high of $5.48 after hitting its low of $4.02 during yesterday's session.
Today's news comes as LEO broke through its recent resistance level of £3.88 earlier this week before falling into Thursday's red wave.
The move came as the 10-day (red) and 25-day (blue) moving averages made an upward crossover for the first time since December 29th.
Additionally, the RSI is now trading at 81, which is deep in overbought territory, which could give away profit-takers heading into the weekend.
Biggest losers
Relatively speaking, there weren't many bears on Friday, with only 2 of the top 99 cryptocurrencies falling slightly.
However, if you scrolled down to the 100th-ranked cryptocurrency, markets were not so kind to yesterday's biggest winner, invariant X (IMX).
The IMX fell over 22% today after rising 35% on Thursday as traders likely opted to take profits rather than hold their positions.
At the start of today's session, IMX/USD slipped back to support at $3.01 after trading at a high above $5.40 less than 24 hours ago.
The 14-day RSI also fell below the 50 level and is now trading at 45.98 and appears to be moving deeper into oversold territory.
Have markets already begun to doubt the value of the partnership between IMX and Gamestop? Let us know your thoughts in the comments.
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