LATEST CRYPTO NEWS
By: FREEINFORMATION.IN
The cryptocurrency market experienced pressure as the week came to a close. Bitcoin closed the day down by approximately 6% at $26,038.41, as reported by Coin Metrics.
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Throughout Friday, Bitcoin oscillated above and below the $26,000 mark, following a notable decline that originated late on Thursday.
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Bitcoin's dip had a cascading effect on the wider crypto market. Ether and Binance coin both experienced declines of around 4%, while Cardano's ada saw a drop of over 3% on Friday.
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Ripple's XRP faced a significant drop of 13%, and the Solana token also experienced a decline of 7%.
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The week concluded with Bitcoin's value down by 11.28%, marking its seventh weekly loss in the last eight weeks. This week also marked Bitcoin's most challenging performance since November.
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Thursday saw persistent pressure on the cryptocurrency market. However, the market experienced a notable plunge around 6 p.m. ET, coinciding with a report from The Wall Street Journal.
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It's important to note that a week in the world of crypto is measured from 4:00 p.m. ET stock market close on one Friday to the next. This constant trading operates around the clock, 24 hours a day.
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As we reflect on the events of this week in the cryptocurrency space, it's evident that the market continues to exhibit its dynamic nature, presenting both challenges and opportunities.