Black Friday shoppers are out and about taking advantage of deals, and crypto investors may be doing the same amid falling prices this week: Bitcoin and other major digital assets rose in price Friday following a correction from record highs.
Bitcoin came within a few hundred dollars of the $99,000 mark again Friday morning, one week after coming nearly as close to the $100K milestone—and then plunging to below $91,000 by Tuesday. Although this morning’s momentum has cooled with Bitcoin dipping back to $97,700 as of this writing, it’s still not far from the all-time high.
An even bigger winner today is HYPE, the token of layer-1 chain Hyperliquid—and early users, who got a share of its $1.6 billion airdrop overnight. It’s one of the biggest airdrops of all time, and the token has only continued to climb, now up 53% and ranking in the top 100 coins by market cap.
Elsewhere, XRP set a new three-year high price on Friday and is currently up 19% on the day, while Algorand (ALGO) jumped to a two-year high with a 40% spike. And meme coins including Dogecoin are rising into the weekend.
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💬 Quote of the Day
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“Bitcoin mining companies bring in investments, create jobs, and help to develop renewable energy sources in many places around the world.”
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📚 Dive Deeper
📹️ WATCH: Fastex Celebrates NFT Innovation at the ftNFT YoCerebrum Awards
Malta's Fort Manoel played host to an array of NFT movers and shakers at the third edition of the ftNFT YoCerebrum Awards. Decrypt's Ben White joined the artists, creators and innovators nominated for outstanding achievements in the field of NFTs.
(Sponsored by Fastex)
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