Bitcoin and Ethereum edge cautiously higher

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Bitcoin and Ethereum edge cautiously higher

Overall, 94 of the most popular coins were changing hands in the green on Friday morning After three consecutive days of negativity, the leading cryp

Overall, 94 of the most popular coins were changing hands in the green on Friday morning

After three consecutive days of negativity, the leading cryptos looked keen to buck that trend on Friday, albeit, not by much.

Bitcoin edged cautiously higher by 0.3% to US$43,565, while its closest rival by market value, Ethereum, slightly outpaced the top digital coin – advancing 1.34% to US$3,570.

The two biggest digital currencies were approximately 35% and 25% below all-time highs seen in November respectively, as the omicron variant followed by Russia’s invasion of Ukraine sent uncertainty through riskier markets.

The modest positivity echoed around much of the market, with Solana and Avalanche fronting the race, having gained 4.9% and 5.2% respectively.

Outside of the ‘top 10’, Dogecoin and Near Protocol climbed 4.8% and 26.6% respectively.

Overall, 94 of the most popular coins were changing hands in the green on Friday morning.

Terra, which just ploughed £200mln into Avalanche for reserves as rival alt-coins emerge, dropped 4.4% and led the fallers.

www.proactiveinvestors.com