Bitcoin (XBT/USD) Corrects Lower on Friday, Trades at $71,700

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Bitcoin (XBT/USD) is experiencing a price correction on Friday, trading at around $71,700.

The global cryptocurrency market capitalization has surpassed $3 trillion.

Bitcoin (BTC) accounts for more than 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 $2,200.

Ripple (XRP/USD) is gaining on Friday, reaching $1.4.

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

Leaders in cryptocurrency market capitalization:

- 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, Ph.D., Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.