The cryptocurrency market witnessed volatility on Friday. Where on the one hand the prices of Bitcoin and Dogecoin saw a decline. On the other hand, Ether and Solona increased in price.
Bitcoin bounces again, Ethereum and Solana hold, this was the state of the crypto market
Cryptocurrency Prices on Friday: The cryptocurrency market has witnessed volatility on Friday. Where on the one hand the price of bitcoin and dogecoin has decreased. On the other hand, Ether and Solona increased in price.
Bitcoin, the world’s most popular cryptocurrency, is trading down 2 per cent on Wednesday at $23,978. The global cryptocurrency market peaked at $1 trillion on Friday, but the market cap fell 1% to $1.19 trillion in the past 24 hours. According to CoinGecko, this is the first time since October last year that the price of bitcoin is around $23,000.
The digital currency market has shown mixed effects
The price of ether on the Ethereum blockchain, the world’s second largest and most popular cryptocurrency, rose 1 percent on Friday. Ether is trading at $1,894 on Friday. On the other hand, the price of Dogecoin saw a decline on Friday. Dogecoin price fell 1% on Friday to $0.07. At the same time, the Shiba Inu price was also trading marginally lower at $0.0000012.
Over the past 24 hours, digital currencies including XRP, Solona, BNB, Litecoin, Chainlink, Tether, Polkadot, Stellar, Polygon and many more are trading 1 percent higher at $43.
Bitcoin is up 17% in July
The crypto market has been the victim of a fall in the months of May and June. Rising worldwide inflation and interest rate hikes by the US Federal Reserve disappointed investors.
Due to this fear, some cryptocurrency lenders banned their customers from withdrawing the digital currency. But, in the month of July, the prices started increasing. Bitcoin is trading up 17% in July, while Ether is trading at $1,974 versus $880 in July.
Meanwhile, in July Zipmex Pte banned customers from withdrawing crypto such as bitcoin and ether from their accounts due to a lack of liquidity in the digital market. But now Zipmex Pte has given the right to withdraw Ether from August 11th and Bitcoin from August 16th.