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Bitcoin, Ether See Red as Wider Crypto Market Falls Prey to Macro Economic Factors …

The largest cryptocurrency by market capitalisation did manage a positive run through Thursday but a rough start on Friday appears to have wiped away all the gains from the previous day, and more.

At the time of publishing, Ether is valued at $3,120 , where the coin dropped 8.26 percent over the past 24 hours.

Gadgets 360’s cryptocurrency price tracker shows that most popular altcoins witnessed a serious rattling too, with stablecoins being the only gainers on the day.

Meme coins haven’t had a very good week and Friday’s wider market pullback saw bigger dips for Dogecoin and Shiba Inu.

This downward trend can be attributed to economic changes and interest rates,” CEO and co-founder of crypto investment firm Mudrex, Edul Patel, told Gadgets 360.

Twitter on Thursday announced the launch of a tool through which users can showcase non-fungible tokens as their profile pictures, tapping into a digital collectibles craze that has exploded over the past year.

In a bid to ramp up research work in the Blockchain sector, Google Labs has appointed a new team to focus on the up-and-coming tech.

The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV.

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