Crypto Market Indicators Suggest Near-Term Consolidation, Breather For Bitcoin
Bitcoin rose 1.6 per cent on Friday to $57,850.56 but was on track for weekly losses of over 11 per cent, its worst week since May. It is 16 per cent lower than its Nov. 10 record high of $69,000. Ether, the second-biggest cryptocurrency by market value, was 14 per cent off of its peak at $4,202.45.