Polygon, Chainlink, Bitcoin Cash and Neo Coin were included. In the last one day, the market capitalization of crypto decreased by 1.57 percent to about $ 1.04 trillion.
Bitcoin, the largest cryptocurrency by market value, opened trading on Friday with a 1.71 percent drop. Its price was at $ 22,763. Crypto experts believe that if bitcoin continues to rise, it can cross the level of $ 25,000. Billionaire Elon Musk's electric vehicle (EV) company Tesla has stated in its results that it has not bought or sold any bitcoin in the last quarter of last year.Ether, the second largest cryptocurrency, had more losses than bitcoin. Its price has fallen by 2.91 percent. According to Gadgets 360's crypto price tracker, Ether was priced at $1,566. Apart from this, stablecoins Tether and Ripple have also fallen. Other altcoins such as Avalanche, Cardano, Solana, Polkadot, Litecoin, and Tron also saw a slight decline in their prices. Bullish cryptocurrencies included Polygon, Chainlink, Bitcoin Cash and Neo Coin. In the last one day, the market capitalization of crypto decreased by 1.57 percent to about $ 1.04 trillion.“Most cryptocurrencies are down over the past day following US GDP and employment data,” Edul Patel, CEO and co-founder of crypto firm Mudrex, told Gadgets 360. Bitcoin value after Tesla quarterly results. has also decreased."The bankruptcy of one of the major crypto exchanges, FTX, at the end of last year had a major impact on the market. Due to this, a large number of investors had distanced themselves from cryptocurrencies. Clients' funds were used by modifying FTX's software. The exchange's chief engineer made changes to the code. FTX founder Sam Bankman FriedThe firm of Alameda Research was exempted from selling its assets despite taking a loss on the amount borrowed. This exemption allowed the firm to borrow funds from FTX regardless of the value of the collateral. This change in code was caught by the US Securities and Exchange Commission (SEC). The SEC reported that Alameda Research was being given credit without any limit. The firm had secretly received billions of dollars in loans over two years. The money of the clients of this exchange is stuck.