Crypto prices stage a weekly recovery, but bears still hold the structural advantage: Crypto Markets Today

The crypto market is ending the week in a healthier position than where it started, with bitcoin BTC $ 62,834.61 trading at $61,600 after having risen by 6.5% from Tuesday's almost two-year low of $57,750.

Still, the largest cryptocurrency's gains on Friday were muted in comparison with Thursday's 2.6% advance, which benefited from weak U.S. job data that lowered expectations for a Federal Reserve interest-rate increase.

The interest-rate outlook echoed for a second day as the U.S. entered a long weekend with stock markets closed. Ether (ETH) rose for a third straight day to add 11.5% since Tuesday and 2.6% on Friday alone. Other altcoins also advanced, with ADA $ 0.1943 , zcash (ZEC) and dash (DASH) all gaining between 2.2% and 3.1%.

Still, the broader market structure remains bearish across the majority of crypto tokens following a succession of lower highs and lower lows. For bitcoin to reverse the downtrend, it needs to trade back above $67,000 and then take out $81,000, which was the local high in May.

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

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