Cryptocurrency Market Awaits US NFP Report as Bitcoin, Ethereum, Ripple Extend Gains

The cryptocurrency market is holding its breath as it awaits the US Nonfarm Payrolls (NFP) report for fresh market cues. Bitcoin, Ethereum, and Ripple are all showing strength, with prices trading above key resistance levels.

Bitcoin trades at $80,856 on Friday, up over 4% from last week, while Ethereum closes above the $2,500 resistance level, signaling further gains. XRP is also gaining momentum after finding support around the 200-day EMA at $1.352.

The Moving Average Convergence Divergence (MACD) remains positive for Bitcoin, suggesting bullish momentum persists, albeit less explosively than during the prior leg higher. Immediate resistance for Bitcoin emerges at the horizontal barrier near $85,000, while initial demand is expected around the clustered EMA zone.