Bitcoin and Ethereum continued to languish close to 1-month lows with investors reluctant to capitalise on so-called bargain prices ahead of key US inflation data on Friday.
The biggest crypto by market value fell 0.7% to US$30,091, with Ethereum, down 0.4% to US$1,790.
“This stickiness is expected to prevail in today’s May numbers with headline inflation expected to remain unchanged at 8.3%, while core prices are expected to come down from 6.2% to 5.9%,” Michael Hewson, CMC Markets UK chief market analyst, said.
Cryptos have crashed over 50% since their all-time highs in November as investors seek safe havens amid the global economic downturn fueled by the war in Ukraine, soaring inflation and supply shortages.
Bitcoin and Ethereum have been flirting with key support levels of US$30,000 and US$1,800 respectively for around a month.
As usual, most cryptos followed in the two leading coins, with 76 of the top 100 in the red on Friday morning.
Cardano was the largest faller amongst all digital currencies, down 3.4% to US$0.62.
Of the big hitters, Solana and Polygon were the standout climbers, having advanced 3.5% and 5.0% respectively.
But the real winners of the day were Chainlink and Helium, which jumped 7.1% and 5.6% respectively.