The largest cryptocurrency by market capitalization was recently trading about $41,200, off about 1.3% over the past 24 hours. Bitcoin topped $42,000 late during U.S. trading hours Friday, a more than 7% increase from where it started the week as investors digested the long-expected Federal Reserve’s 25-basis-point increase on Wednesday and global unrest tied to Russia’s invasion. Ether, the second largest crypto by market cap, was changing hands a little under 2,900, a 1.8% drop over the same period, but well up from where it began the week. Most other major cryptos were in the red over the weekend. Trading volume fell over the past three days.
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Written by Bankerage Published on March 21, 2022