Crypto Market Rebounds as Interest-Rate Outlook Recedes

The cryptocurrency market has shown signs of improvement as it ends the week on a healthier note than where it started.

Bitcoin, the largest cryptocurrency, has risen by 6.5% from its almost two-year low of $57,750, trading at around $61,600 on Friday.

Ethereum, however, saw more significant gains, rising for a third straight day and adding 11.5% since Tuesday, with a 2.6% increase alone on Friday.

The interest-rate outlook has been a key factor in the market's recent performance, with weak U.S. job data lowering expectations for a Federal Reserve interest-rate increase.