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The prices of digital currencies are traded mostly unchanged on Friday, continuing what was a weak week for the cryptocurrency market.
Bitcoin,
BTCUSD, + 0.60%
the world's largest digital currency, was changing hands at $ 6,548.31, down 0.1% from Thursday at 17:00. Eastern Time on the exchange of cryptocurrency Kraken.
Bitcoin is on track for one of the quietest weeks ever recorded, with a 3.64% margin, starting in the early afternoon in New York. The current moves represent the narrowest trading range for bitcoins from December 18, 2016, to date according to Dow Jones Market Data. Furthermore, Friday is the week with the lowest volume since February 2017, according to the Bitfinex data provided by Trading View.
To read: Investors think that cryptocurrency prices would increase in a recession, the Fundstrat survey notes
The total value of all cryptocurrencies was $ 218 billion, according to CoinMarketCap data.
Speaking at the Delta summit in Malta, Nigel Green, founder of deVere Group, and a proposing crypt, said skeptics are undermining the industry's potential. "Confidence in the industry is habitually compromised by cryptic demagogues that make wild and unsubstantiated claims and sell themselves to the highest bidder, regardless of facts and consequences," he said in some comments sent to MarketWatch.
"These are those high-profile traditionalists and financial institutions that may have vested interests in maintaining the status quo or have no understanding and / or no desire to understand the unprecedented change that is happening right now," Green said.
The collective group of coins other than bitcoin, known as altcoin, is mostly lower on Friday. Ether
ETHUSD, + 1.94%
remained unchanged at $ 221.91, Bitcoin Cash
BCHUSD, + 1.80%
lost 1% to $ 509.70, Litecoin
LTCUSD, + 1.80%
it was down 1% to $ 57.75 and XRP
XRPUSD, + 1.42%
the currency of the Ripple protocol was trading at 51 cents, down 4%.
Bitcoin futures are showing small losses on Friday. The October contract of Cboe Global Markets
XBTV8, -0.19%
traded 0.1% less at $ 6.535 and the October contract of the comparable CME group
BTCV8, -0.53%
it was down 0.5% to $ 6.525.
To read: This is where cryptocurrencies are actually making a difference in the world
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