Bitcoin Hovers at the $80,000 Line, ONDO Leads Altcoin Winners

Add TechGaged as your preferred source on Google

See more TechGaged stories across Google News and Discover.

Add

The crypto market saw another minor decrease on Friday morning (10:00 UTC), moving Bitcoin (BTC) and Ethereum (ETH) away from the recently-taken levels, though not very far.

Bitcoin fell 1.5% since this time on Thursday and dipped below the $80,000 level. At the time of writing, it stands at $79,904. While the day started at $81,158, the coin soon plunged to $79,700, before decreasing further to the intraday low of $79,286.

BTC has recovered somewhat since, and it’s now bordering the $80,000 mark. A moderate increase would push it back above it. Large decreases are currently not expected, but are not impossible, and should a bigger pullback happen, BTC would move towards $75,000.

The day’s change doesn’t seem to be a response to an event but rather a typical pullback following a rally. This latest moderate rally was then followed by a moderate drop. Bitcoin, as well as the market at large, continues trading in a range.

At the same time, institutional flows stand strong. BTC spot ETFs posted five consecutive days of positive flows before recording outflows of $277.5 million on Thursday.

ONDO Leads the Green Altcoin List

The global crypto market cap fell by 1.2% over the past 24 hours, currently standing at $2.74 trillion.

Only one of the top 10 coins by market cap saw its price increase today, and it’s the one usually going against the grain. Tron (TRX) rose 1.4% to the price of $0.3499.

Looking at the red coins, we find that Dogecoin (DOGE) fell the most in this category, decreasing by 4.1% and trading at $0.107. Ethereum (ETH) follows with a 2.2% drop, which resulted in a pullback below the $2,300 mark, with the coin now trading at $2,282.

About 30 of the top 100 coins are green today. The highest among these is Ondo (ONDO), having appreciated 10% to $0.3799. Venice Token (VVV) follows, with a rise of 9% to $14.

Recently, Ondo Finance completed a “near real-time” cross-border and cross-bank redemption of a tokenized U.S. Treasury fund, OUSG, with Ripple, MasterCard, and JPMorgan’s blockchain infrastructure platform Kinexys.

On the red side, SkyAI (SKYAI) posted the biggest decrease in the category, falling 6% and currently changing hands at $0.5975. Monero (XMR) and Dash (DASH) are next with 5.2% and 5.4% falls to $395 and $49, respectively.