Bitcoin Rebounds Sharply To US$ 21,004, Ahead Of US Employment Report

Globally cryptocurrencies rebounded above US$ 21,004, gaining by 3.9%, ahead of the US employment report, on November 4. Other cryptocurrencies are also showing a similar trend, Litecoin tops among them.

A Bitcoin.com report mentioned today, "It is expected that 200,000 jobs will have been added to the United States workforce, which comes as job openings once again trended higher. Bitcoin moved away from a recent floor of $20,060, with Ethereum surging closer to $1,600 ahead of today's report." However, in the past 1 month it has gained by 3.24%, and dropped by 47.05% in the last 6 months. Yesterday, Bitcoin closed at US$ 20,209.

Ethereum was quoted at US$ 1,643.96, up by 7.40%. Yesterday, Ethereum closed at US$ 1,530.75. Litecoin was quoted at US$ 68.87, up by 11.06%, Dogecoin was quoted at US$ 0.1247 up by 0.85%, and Cardano was quoted at US$ 0.4196 up 7.62% today, till last traded.

Meanwhile, ahead of the US Fed meeting, the US 2-year Treasury bond yield was quoted around 4.652%, and the US 10-year Treasury yield was quoted at around 4.154%. Additionally, the US Dollar index quoted at 110.93, up by 0.71% today. Additionally, S&P 500 was up by 0.59%, stood at 3,741.92 points, and Nasdaq Composite was up by 0.28%, stood at 10,371.85, till last traded.