Cryptocurrency markets are trading higher as strong US economic data and news of Fidelity Investments refiling for a Bitcoin ETF eased concerns of a slowdown. Bitcoin and Ethereum saw gains, with Bitcoin s volume rising 28.5% to approximately $17.3 billion. Other top crypto tokens like Solana and Litecoin also rose by over 14%. The global cryptocurrency market cap increased by 1.82% to around $1.19 trillion. Market oscillators indicate a neutral sentiment, with indicators such as the Relative Strength Index and Average Directional Index pointing towards a neutral market.
Cryptocurrency market: Among the most important developments in crypto markets was the King of England's assent to the UK's Financial Services and Markets Act
Bitcoin and other cryptocurrencies traded lower on Friday after a three-day rally. Bitcoin fell 0.73% to $30,063, while Ethereum was below $1,900. BTC volume slumped 40% in the last 24 hours, and the global cryptocurrency market cap fell 1.36% to around $1.17tn. Bitcoin s dominance reached 50%, according to CoinMarketCap, after a 0.16% increase over the day. The crypto fear and greed index remained unchanged at 65/100. Other top crypto tokens also traded in the red, including BNB, Solana, and Polygon, with each declining over 4%.