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 $61,771.95 (-2.1%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has fallen to $4,517.93 (-1.68%), while Binance Coin has dropped by 0.11% and is now trading at $552.51.
The price of the reference crypto has fallen to $61,000 after holding above $63,000 for most of the day yesterday.
The crypto we should really be talking about is Ether, as it has recently hit an all-time high and is inching closer and closer to $5,000. The Ether bulls are probably very pleased with the 368% gains accumulated so far in 2021 and it looks like that not a day goes by that the altcoin doesn't reach a new all-time high.
However, even with Ether on the road to $5,000, there are still many concerns about the network's ability to absorb the strong demand coming from the decentralized finance sector (DeFi) and non-fungible tokens (NFTs).
With respect to other altcoins, it has recently become known that Ripple intends to launch a Wrapped XRP on the Ethereum network. However, it seems the price of the cryptocurrency at the moment has not been affected by the news, as it registers an increase of only 0.2% to $1.2.
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 $2,714,897,031,378.
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