Bitcoin Falls Below $19K Amid Persistent Volatility

Written By

futurewithcrypto.com

Following a slight uptick on Thursday, both bitcoin and ether saw declines on Friday.

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As there is no significant catalyst to raise prices, both digital assets are still trading sideways.

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Following a 5% spike on Thursday, the price of Bitcoin (BTC) dropped 4% on a light volume on Friday.

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When compared to its 20-day moving average, Ether (ETH) decreased by 3% on a moderate volume. The price of ether is down 65% year to date and 12% week to week.

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The Merge has thereby significantly decreased ETH's inflation rate, even though it has not been deflationary in the traditional sense.

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The overall market index, which gauges the performance of a selection of cryptocurrencies, decreased 2.79% on the day.

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