On Friday, the cryptocurrency cart experienced yet another round of selling. Investors pulled money out of Bitcoin and Ethereum ahead of the weekend, dampening sentiment in other altcoins.
During the late morning session, seven of the top ten digital tokens were trading down, with the exception of dollar-pegged stablecoins and XRP. Terra lost more than 9 percent of its value, while Ethereum and Solana both lost more than 1percent.
In comparison to the previous day, the worldwide crypto market cap fell by nearly 4percent to USD2.27 trillion. The total crypto market volume, on the other hand, increased by almost 2 percent to USD104.65 billion.
According to Edul Patel, CEO and Co-founder of Mudrex, the largest cryptocurrency by market capitalization, Bitcoin, saw a sell-off and hovered around the USD48,000 mark, while ETH also sank lower. "We might see a huge dip across the altcoins if Ethereum falls below the important support at USD4,000," he warned.
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