Crypto News On Friday, Bitcoin and other leading cryptocurrencies experienced a decline in value as traders approached the market cautiously, anticipating key economic data and potential interest rate adjustments by central banks. Market participants are closely monitoring inflation figures and jobless claims, as these indicators will influence the Federal Reserve's decision-making regarding interest rates.
As the week commenced, Bitcoin continued to display weakness. The dominant cryptocurrency witnessed a further drop in value but managed to hold its ground around the $30,000 mark. Ethereum, the second-largest cryptocurrency, also experienced a slight decline and slipped below the $1,900 level. Conversely, the price performance of various alternative cryptocurrencies predominantly leaned towards the downside.
Bitcoin began the new week with a sideways trading pattern, maintaining its position above the $30,000 mark. Over the past few days, it has been oscillating between the $30,000 and $31,400 levels. This trading range suggests the active participation of both bullish and bearish forces in the market.
