Bitcoin's price rose by 1.30 percent on international exchanges on Friday

Bitcoin's price rose by 1.30 percent on international exchanges on Friday, even as the overall crypto market shows signs of instability.

Bitcoin price rose by 1.30 percent on international exchanges on Friday, even as the overall crypto market shows signs of instability. The digital asset is now trading at $104,010 (roughly Rs. 89.09 lakh) on global platforms, according to CoinMarketCap.

On the other hand, DeFi tokens such as Aave and Chainlink clocked gains of over 3 percent.

The crypto price tracker by Gadgets 360 showed that the prices of most altcoins were down on Friday, including Tether, Ripple, Solana, Dogecoin, Cardano, and Avalanche.

Other cryptocurrencies that dropped in value on Friday included Shiba Inu, Leo, Polkadot, Monero, Near Protocol, and Cronos.

The overall crypto market cap rose by less than one percent over the past 24 hours. As shown by CoinMarketCap, the valuation of the sector presently stands at $3.33 trillion.

"The crypto market appears range bound. Altcoins are also showing limited movement as the market awaits Bitcoin's next big step to set the tone," said Himanshu Maradiya, Founder and Chairman, CIFDAQ exchange.

Binance Coin, Tron, Stellar, Litecoin, Iota, and Polygon, meanwhile, managed to hold onto small gains on the price charts on Friday.

Analysts expect the market to be choppy for some more days and advise caution to investors.

"The recent correction across crypto markets reflects a classic case of overextension following heightened optimism. Altcoins have borne the brunt of the pullback, with many experiencing sharp declines amid shifting sentiment post-ecosystem updates. As always, volatility remains a core characteristic of this asset class, and such corrections often create opportunities for disciplined investors," said Avinash Shekhar, Co-Founder and CEO, Pi42.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.