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

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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.

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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.