Bitcoin and Ethereum stagnant as quiet week nears close
Overall, 57 of the leading 100 cryptos were trading in positive territory the most evenly balanced and stationary, on average, digital currencies have been in recent weeks
Cryptocurrencies were relatively stagnant on Friday morning following two contrasting days on news that US President Joe Biden signed an order for US government agencies to assess whether to create a Central Bank digital dollar and other crypto issues.
Bitcoin dropped 0.5% back below the US$40,000 mark US$39,177, while its biggest rival Ethereum rose 0.4% to US$2,607.
When Treasury Secretary Janet Yellen released the news on Wednesday cryptos soared but that was short-lived as the opposite occurred the next day.
In other news, fiat currencies were a more likely route for Russia to bypass the Wests sanctions, given the US ability to block efforts with crypto, Christopher Wray, director of the Federal Bureau of Investigation, said.
Meanwhile, Terra, Avalanche, and Polkadot climbed 4.2%, 3.5% and 4.5% respectively.
Outside of the top 20, Tron, Elrond and Zcash advanced 3.0%, 10.5% and 8.6% respectively.
Although it was a mixed bag of red and green in the digital currency world.
BNB and Shiba Inu were the largest fallers in the top 20, easing 1.3% and 1.7%.
Fantom and Waves sunk 5.0% and 7.4% respectively and were the most significant losses in values seen.
Overall, 57 of the leading 100 cryptos were trading in positive territory the most evenly balanced and stationary, on average, digital currencies have been in recent weeks.
