According to data from CoinMarketCap, Bitcoin dipped 0.49% to US$28,041 in the 24 hours leading up to 8:00 a.m. in Hong Kong, edging up 0.04% for the week.
Following the U.S. Treasury Department’s Thursday statement portraying DeFi services as a threat to national security, Ether fell 1.90% to US$1,873. Decentralized application development is made possible by Ethereum, a key blockchain platform, where its Ether token serves as the main medium of exchange.
Dogecoin dropped 8% to US$0.08542, further reversing the gains it made earlier this week after Elon Musk changed the blue bird Twitter emblem to the Dogecoin logo. The token is still 15% higher than last week.
Other tokens had similar price trends, declining on Friday while maintaining gains over the previous seven days. Cardano’s ADA token dipped 2.32% to US$0.3834, but is up 1.85% week-to-date. Polygon’s Matic fell 2.27%, yet is up about 2% higher over the seven days.
