Crypto Markets on High Alert Ahead of US NFP Report

Bitcoin, Ethereum, and Ripple are on the rise as traders await the US Nonfarm Payrolls (NFP) report for fresh market cues. Bitcoin trades around $80,800 on Friday, up over 4% this week. Ethereum closes above the $2,500 resistance level, signaling further gains.

XRP is also showing strength after finding support at the key level earlier this week. The US NFP report will likely have a significant impact on the markets, and traders are watching closely for fresh directional cues.

Bitcoin's price is trading above $80,800, holding a firm bullish bias as it extends well above the key exponential moving averages (EMAs). The 50-day EMA at $71,126, the 100-day EMA at $69,696 and the 200-day EMA at $72,539 all sit comfortably below spot.