The global crypto-currency market capitalization on Friday stood at $ 2.34 trillion, down 2.2% in the last 24 hours. Crypto-currency prices fell on Friday, as Bitcoin fell 2.4% in the last 24 hours and was trading at $ 47,807.03.
Etherium fell 2.0% and was trading at $ 3,976.49 in the early hours of Friday. Continuing yesterday’s trend, Dogecoin fell 3.7% in the last 24 hours and was trading at 17 0.174720. Sheeba Inu saw a further decline of 3.5% and was trading at 00 0.00003295.
According to CoinGecko, the total cryptocurrency trading volume in the last day is 9 109 billion. With Bitcoin occupying 38.7% and Ethereum 20.2% of the market.
In addition, the performance of other cryptocurrencies has also declined. With Polygon, Polkadot, Litcoin, Chainlink, and Cardano trading at very low profits in the last 24 hours.
While Bitcoin is up from Monday’s low below $46,000, it’s still stuck below where it was Sunday and at points last week when it was over $50,000.
After hovering between $46,000 and $52,000 last week, Bitcoin’s price has been between $45,000 and $50,000 so far this week. Powell on Wednesday also repeated concerns about inadequate stable coin regulation. Though said the concerns did not pertain to broader concerns regarding financial stability.
The past week’s ups and downs follow a relatively strong start to the month for Bitcoin, which came close to its all-time high on Wednesday, Dec. 1, when it hit $59,000 before falling back.
Its price lately is closer to where it was in early October before a climb that lasted throughout November — when it hit its current all-time high over $68,000 on Nov. 10 — and into December.