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Bitcoin Lingers Near $23,000 as Job Gains Weigh on Risk Assets

  • Altcoins including Polkadot, Aave increase more than 5%
  • Bitcoin remains locked in recent range of $19,000 to $25,000
Cryptocurrency ATMs in Poland
Photographer: Piotr Malecki/Bloomberg
Updated on

Bitcoin lingered near $23,000 after a report showing the US added more jobs than forecast last month renewed concern that higher interest rates could reduce demand for riskier assets. 

The largest cryptocurrency rose as much as 4.2% to $23,467 on Friday, before paring the increase. Bitcoin remains within the range of around $19,000 to $25,000 that’s held it since mid-June. Ether was up as much as 8.4% to $1,724 before also pulling back a bit from the highs of the day.