The crypto market is ending the week in a healthier position than where it started, with bitcoin trading at $61,600 after having risen by 6.5% from Tuesday’s almost two-year low of $57,750.
Still, the largest cryptocurrency’s gains on Friday were muted in comparison with Thursday’s 2.6% advance, which benefited from weak U.S. job data that lowered expectations for a Federal Reserve interest-rate increase.
The interest-rate outlook echoed for a second day as the U.S. entered a long weekend with stock markets closed. Ether (ETH) rose for a third straight day to add 11.5% since Tuesday and 2.6% on Friday alone. Other altcoins also advanced, with , zcash (ZEC) and dash (DASH) all gaining between 2.2% and 3.1%.
Still,…
