The cryptocurrency market arrives at the end of the week in the same way it started: in the red and with no prospects for a short-term increase.

Bitcoin (BTC) has fallen 3.55% in the last 24 hours and is trading at $31,373 this Friday morning (16), according to the CoinDesk Index. In the last seven days, the cryptocurrency has not left the small price range of $31,000 to $34,000.

In real, according to the Price Index of the Bitcoin Portal, the average price of digital assets in brokers operating in Brazil is R$ 162 thousand.

A similar situation occurs with altcoins. The Ethereum (ETH), the second largest in the world, has depreciated 3% since the morning of Thursday (15). Today, the currency is quoted at US$1,863.

On exchanges operating in the country, the Ether is worth R$9,670, a value that does not reach half of the R$23 thousand registered by the cryptocurrency in the historic high of May.

Dogecoin and other alts

Dogecoin (DOGE), which in May hit $0.73 thanks to free advertising from Tesla CEO Elon Musk, has dropped 6.55% in the past 24 hours and has seen its price drop back to $0.17.

Polkadot (DOT), which earlier this month gained space on the trading platform of a Brazilian brokerage firm, trades at US$12 after a daily drop of 8.16%.

Binance Coin (BNB), Cardano (ADA), XRP and virtually every other 100 cryptocurrencies listed in CoinMarketCap – with the exception of five unrepresentative assets – are in the red.

BNB – US$ 302 (-4.49%)
ADA – US$1.18 (-4.75%)
XRP – US$ 0.59 (-2.29%)

The entire market capitalization has shrunk 4.58% in the last 24 hours, dropping from $1.32 trillion to $1.27 trillion – a loss of $49 billion.


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