Bitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies climbed today, following news that over 400,000 jobs were added to the U.S. economy last month.
The biggest winners
Bitcoin (BTC) surged to $40,000, Ethereum was rapidly approaching $3,000, Solana approaching $110, however, none of them were the big movers today.
That honor went to UNUS SED LEO, which rose by a whopping 30% on Friday, and nearly 55% over the course of the last 7-days.
LEO/USD, hit an intraday high of $5.48, following its low of $4.02 in yesterday’s session.
Today’s news comes as LEO broke past its recent resistance level of £$3.88 earlier this week, before falling in Thursday’s red wave.
The move came as the 10-day (red) and 25-day (blue) moving averages saw an upward crossover for the first time since Dec. 29.
In addition to this, the RSI now tracks at 81, which is deep in overbought territory, which may giveaway to profit takers over the weekend.
The biggest losers
Relatively speaking, there weren’t many bears on Friday, with only 2 of the top 99 cryptocurrencies down slightly.
However, if you scrolled down to the #100 listed cryptocurrency, markets were not so kind to yesterday’s biggest gainer, immutable X (IMX).
The IMX is down more than 22% today, following its 35% rise on Thursday, as traders likely opted to take profits rather than hold positions.
Earlier in today’s session, IMX/USD slipped back to support of $3.01, after trading at a high above $5.40 less than 24-hours ago.
The 14-day RSI also fell below the 50 level, and is now trailing at 45.98, and appears to be heading deeper into oversold territory.
