Quick facts:
At 8 a.m., Bitcoin was up 0.8% over the previous 24 hours to US$19,986. according to data from CoinMarketCap, while Ether increased 1.3% to US$1,577 in Hong Kong.
Following the Cardano Hackathon held at the National Technological University in Buenos Aires, Argentina, on September 3 and 4, Cardano increased 4.8% to trade at US$0.50. The occasion made it possible for programmers to work together on software creation.
Following the announcement that Move, a programming language for creating smart contracts that was created by Facebook to power the Diem blockchain, would be added support, Solana increased 3.2% to US$32.11 per share.
BNB increased by 0.4% to US$278.84, while XRP increased by 0.6% to US$0.33 and Dogecoin performed marginally better, increasing by 0.9% to US$0.063.
On the macro front, the U.S. unemployment rate rose to 3.7% in August from 3.5% in July, according to a government report released on Friday. The unemployment rate is still very close to a five-decade low, despite the fact that this points to a slowing of the American economy and perhaps a slowing of the rate of inflation.
The Dow Jones Industrial Average and the S&P 500 Index fell 1.1% on Friday as a result of investors’ perception that the Federal Reserve’s stance on raising interest rates to combat inflation has not changed as a result of the report. Nasdaq Composite Index decreased by 1.3%.
