The crypto market is clinging to a crucial level of support, with bitcoin BTC$59,386.30 barely moving since midnight UTC after rebounding from its lowest level since September 2024 on Thursday.
The largest cryptocurrency was recently trading near $59,700, having fallen as low as $58,100.
Ether (ETH) failed to mirror bitcoin's bounce, dropping a further 1% and extending its string of declines to three straight days. It recently held around $1,550.
U.S. equities also start Friday indicating weakness, Nasdaq 100 and S&P 500 futures are down by 1% and 0.4%, respectively, since midnight as the tech rally of the past three months continues to unwind.
One token that bucked the bearish market sentiment was aave AAVE$84.93, which added as much as 6.8% since midnight, building on a 17% gain over the past week after CoinDesk reported that crypto exchange Kraken was looking to acquire a 15% stake in the DeFi company.
US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.
US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.
US equities on crypto rails: access is easy, on-chain composability is the real test. Only Binance and Backpack deliver both - and only Binance at scale.
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