Prices of cryptocurrencies were uneven Friday, with Bitcoin trading above the USD39,000 barrier. The world’s most valuable and widely used cryptocurrency increased by 0.6 percent to USD39,704. According to CoinGecko’s pricing, the global crypto market’s value has risen by roughly 1% in the last 24 hours to USD1.92 trillion.
On the other hand, Ether, the second-largest cryptocurrency and the coin tied to the Ethereum blockchain, rose by roughly 1% to USD3,921. Meanwhile, the price of dogecoin has dropped more than 3% to USD0.13, while the price of Shiba Inu has dropped more than 2% to USD0.000023.
Other digital assets were mixed, with Solana, Stellar, Polkadot, Cardano, Uniswap, Terra, XRP, Avalanche, and Polygon trading with losses over the last 24 hours, while Litecoin and Tron gained.
According to Bloomberg, the Central African Republic has designated Bitcoin as an official currency. It is the world’s second country to accept cryptocurrencies as legal tender. El Salvador became the first country in the world to make Bitcoin legal tender in September of last year.
In other headlines, Robinhood Markets Inc. reported that, in the face of a hard economic climate, consumers have become more cautious about their investments this year, putting a damper on its cryptocurrency-trading revenue. Crypto revenue in the first quarter decreased 39% year over year to USD54 million. Bloomberg polled analysts and found that the average forecast was USD56.1 million.
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