Cryptocurrency News: Bitcoin and ethereum continued leading cryptocurrency prices lower Friday after rising Thursday to reclaim some of their Wednesday gains. The major digital assets rallied to key levels Wednesday following reports that First Republic Bank is back in survival mode after its massive deposit outflows but reversed lower.
Cryptocurrency Price Action:
Bitcoin traded around $29,400 late Friday, sliding from its Thursday high of $29,808. BTC surged to a week-high of $30,008 early Wednesday on renewed banking fears but reversed below $28,000 by the afternoon. The crypto traded in its $27,000 range for the past week prior to the First Republic bank news. Bitcoin spiked above $30,000 for the first time in 10 months on April 10 and vaulted to $31,019 late April 14 to mark its highest level since last June. BTC rallied 20% in March to record its best month since January when it gained 38.7% The world's largest cryptocurrency bolted roughly 77.6% so far this year.
Ethereum hovered below $1,900 late Friday, sliding from its Thursday high of $1,929. ETH retreated as low as $1,789 late Wednesday after spiking to $1,964 in the morning. Ethereum peaked at $2,139 on April 16 - its highest level since last May and shot above $2,000 for the first time in nearly a year on April 13 following its Shanghai upgrade to a proof-of-stake network. The No. 2 crypto rose 10.6% in March and soared nearly 58% year-to-date.
By Marketcap:
Bitcoin
BTC
1.91%
$734.6B
Ethereum
ETH
0.56%
$340.6B
Tether
USDT
0.001%
$83.2B
BNB
BNB
-1.50%
$64.8B
USD Coin
USDC
-0.01%
$49.4B
Solana
SOL
2.89%
$31.4B
HEX
HEX
-6.33%
$30.4B
XRP
XRP
3.00%
$29.8B