#CryptoSecurity101
Cryptocurrency prices declined during trading on Friday, deepening their losses amid limited trading, as investor concerns about U.S. trade policies persist and investors shy away from high-risk assets.
Profit-taking activity in Bitcoin saw a noticeable increase, with the adjusted profit exceeding $500 million during the current week, according to data from the analytics company "Glassnode."
Despite the recent gains recorded by U.S. technology stocks, these increases have not significantly reflected in the cryptocurrency market, as most alternative currencies have declined.
Markets remain under strong pressure due to uncertainty regarding U.S. trade policies, trade tensions between the world's two largest economies, and heightened fears about a slowdown in the job market in America, after recent data showed a decline in the employment rate.
The price of Bitcoin fell by 1.68% during today's session, trading at $102,900.4, after reaching unprecedented record levels at the end of last month, supported by the temporary truce between the United States and China.