Cryptocurrency Market Ends Trading Session with Mixed Results

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The global cryptocurrency market capitalization has surpassed the $3 trillion mark, with Bitcoin (XBT/USD) experiencing a price correction on Friday, trading at around $67,800.

Bitcoin (BTC) accounts for over 60% of the total market capitalization.

It is worth noting that the growing demand for crypto assets is accompanied by an increase in institutional interest.

The price of Ethereum (ETH/USD) has risen to $1,860.

Ripple (XRP/USD) is seeing an increase on Friday, reaching $1.40.

Average daily trading activity is reaching $250-350 billion, highlighting the scale of involvement from both private and institutional investors.

Leaders in terms of cryptocurrency market capitalization include:

- Bitcoin - the leading digital asset,

- Ethereum - a platform for smart contracts,

- Tether - the most capitalized stablecoin,

- Altcoins: Solana, BNB, Dogecoin, etc.

This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.