CRYPTOCURRENCY PRICES UNDER PRESSURE

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.

FLUCTUATIONS IN BITCOIN'S VALUE

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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.

RIPPLE EFFECT ON THE CRYPTO MARKET

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Ripple's XRP faced a significant drop of 13%, and the Solana token also experienced a decline of 7%.

RIPPLE'S XRP AND SOLANA'S SLIDE

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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.

BITCOIN'S WEEKLY PERFORMANCE

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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.

CRYPTO'S PRESSURIZED THURSDAY

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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.

MEASURING TIME IN THE CRYPTO WORLD

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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.

CLOSING THOUGHTS