This week in coins. Illustration by Mitchell Preffer for Decrypt.

A brief crash dropped the price of Bitcoin to $39,638 on Friday, according to CoinMarketCap. The world’s favorite cryptocurrency, as of this writing, was trading near $39,975.50, an overnight drop of 1.21%—about 5% cheaper overall than last weekend. 

Ethereum, the second-largest cryptocurrency, was trading at $2,733—about 5% lower than a day ago, 6% lower than a week ago.

Most of the top 30 cryptocurrencies declined over the last week, but few recorded significant price movements other than Crypto.com Coin—falling 10% to $0.44—and Litecoin—dropping about 8% to $115.

The only coin to post a notable gain this week was XRP, which added 6% in rising to $0.82. 

Avalanche grew 2% over the week and briefly hit a high of $97 on Wednesday, but had declined to about $84 as of this writing.

This week’s news

Mastercard on Tuesday announced it would be adding payments-focused consulting services for cryptocurrencies that would enable banks and merchants to gain strategic insights into crypto and NFTs, crypto cards and loyalty programs.

The financial services firm previously has developed crypto credit cards for Wirex and BitPay.

Russia’s government and central bank…


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.