Bitcoin has started the last day of the workweek with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $47,865.72 (-1.14%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has fallen to $3,540.70 (-2.65%), while Cardano has dropped by 3.14% and is now trading at $2.41.
FxPro's team of analysts say:
"Bitcoin is posting little change ahead of the weekend, trading just below $48,000. The golden cross appears to be out of sight for investors targeting $50,000. Today Bitcoin futures and options contracts valued at $195 million expire, and bulls will try to stay the course to the nearest round mark in an attempt to make further gains in time.
The greed and fear index remains in the neutral area for now. Crypto market participants were wary of the restoration and consolidation of the BTC price around $48,000. At the same time, they continue to bet on altcoins: some coins remain unchanged, while others are registering significant rises, and so on.
Ethereum's market share is again approaching this year's high and already stands at 19.5%. The second-largest cryptocurrency rose 7% on Thursday, retaking the top spot among altcoins. However, another popular coin, Solana, continues its correction after being affected by a recent network outage during which no blocks were mined for over 10 hours."
According to CoinMarketCap’s ranking, 7 currencies on the top 10 are in red.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $2,164,010,686,260.
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