Cryptocurrencies Stagnate Amid Market Volatility

Bitcoin, Ethereum, XRP, and Dogecoin Prices Stay Flat on Friday

The cryptocurrency market experienced a lackluster session on Friday, with major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin trading flat.

According to data from CoinMarketCap, Bitcoin (BTC) was trading at $10,650, up just 0.1% from its previous close. The world's largest cryptocurrency by market capitalization has been stuck in a narrow range over the past week, unable to make significant moves in either direction.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, was trading at $243, up 0.2% from its previous close. The cryptocurrency has been struggling to break out of its recent range, despite a surge in decentralized finance (DeFi) activity on its blockchain.

XRP (XRP), the third-largest cryptocurrency by market capitalization, was trading at $0.23, unchanged from its previous close. The cryptocurrency has been under pressure in recent weeks, following a decline in its usage and adoption.

Dogecoin (DOGE), a popular meme-based cryptocurrency, was trading at $0.0026, up 0.1% from its previous close. The cryptocurrency has been a favorite among retail investors, with its price often influenced by social media sentiment.

The lack of significant price movement in the cryptocurrency market was reflected in the performance of major cryptocurrency indices. The Crypto Fear & Greed Index, which measures market sentiment, remained unchanged at 64, indicating a neutral market.

The cryptocurrency market's flat performance on Friday came as global stock markets also traded flat, with the S&P 500 and Dow Jones Industrial Average both ending the day unchanged. The lack of significant price movement in the cryptocurrency market suggests that investors are waiting for a catalyst to drive prices higher or lower.