Cryptocurrencies gained on Friday for the second straight session amid mixed trends across global markets.
The world’s most popular and largest cryptocurrency Bitcoin was trading 2.4 percent higher at $20,565.5 at 10:04 am. Bitcoin’s market capitalisation was at $394.3 billion, while the trade volume was at $35.2 billion in the past 24 hours. Bitcoin has moved down 6.7 percent in the last seven days.
A WazirX analyst said: “The daily chart for BTC continues to traverse within a descending channel pattern.”
Second-largest virtual currency Ether was 8.6 percent up at $1,200.95 with a market capitalisation of $146.2 billion. The trade volume of Ethereum was $17.4 billion in the last 24 hours.
Edul Patel, CEO and co-founder of Mudrex, said: “If buyers can hold BTC above the current level, we might see it test the $21,000 level very soon. While on the other side, Ethereum has outperformed BTC by witnessing nearly 10 percent rise over the past day following its Shadow Fork 9 going live ahead of the merge.”
Meme crypto Dogecoin was 1.3 percent up with a trading volume of $360.3 million in 24 hours. Shiba Inu was trading 2.6 percent higher at $0.000011 while Solana was 8.4 percent up at $37.3 billion.
Indian headline indices made a gap-up start on Friday amid mixed trends in other global equities.