Bitcoin Breaks $44K Barrier Post-Jobs Boost; Osmosis Rockets 12.7%, but Cryptocurrency Caution Prevails

In December, the U.S. job market witnessed a surge with an addition of 216,000 jobs, surpassing the revised November figure of 173,000 and market expectations of 170,000. The unemployment rate remained steady at 3.7%, aligning with market predictions of 3.8%.

Global Crypto Market Update

At the moment, the global cryptocurrency market cap reached $1.66 trillion, marking a 0.4% increase in the last 24 hours. Bitcoin (BTC) exhibited a 1.5% rise, reaching $44,007, while Ethereum (ETH) showed a modest 0.3% increase, reaching $2,243 on Friday.

Top Cryptocurrency Performers in the Last 24 Hours

Osmosis (OSMO/USD)

• Price: $1.80
• 24-hour gain: 12.7%

Celestia (TIA/USD)

• Price: $16.00
• 24-hour gain: 9.8%

Terra Classic (LUNC/USD)

• Price: $0.0001273
• 24-hour gain: 8.5%

Kaspa (KAS/USD)

• Price: $0.1126
• 24-hour gain: 7.6%

Fetch.ai (FET/USD)

• Price: $0.72
• 24-hour gain: 7%

Top Losers in the Cryptocurrency Space

Sei (SEI/USD)

• Price: $0.7222
• 24-hour drop: 10.6%

Astar (ASTR/USD)

• Price: $0.1559
• 24-hour drop: 8.5%

Bonk (BONK/USD)

• Price: $0.00001118
• 24-hour drop: 7.2%

Frax Share (FXS/USD)

• Price: $8.28
• 24-hour drop: 6.5%

Beam (BEAM/USD)

• Price: $0.02045
• 24-hour drop: 5.6%

In the aftermath of robust job data, Bitcoin soared past $44,000, illustrating resilience in the crypto market. Osmosis emerged as the frontrunner among gainers, showcasing a 12.7% surge. However, market dynamics continue to influence various cryptocurrencies, with some experiencing notable losses in the past 24 hours.

Despite positive developments, it's essential to acknowledge potential market volatility and uncertainties that could impact cryptocurrency values in the near term. Investors should remain vigilant and assess the risk factors associated with the evolving crypto landscape.