The Crypto Report: Bitcoin and Ethereum set to end the week on a positive note

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The global crypto markets were up 3.6% to US$928.56bln in Friday’s early trade, rounding a topsy-turvy week off on a positive note.

Bitcoin was up 2.62% to US$20,627, while Ethereum added a healthy 8.85% bringing its price to US$1,202.

The strong day-on-day growth outflanked the blue-chip indexes, which saw deepening losses, although performance on a weekly basis remains firmly in the red for now.

Network tokens continued to recover lost ground, with Binance’s BNB coin up 3.35%, Cardano up 3.23%, Solana up 7.84% and Polkadot up 4.17%.

Ripple’s XRP payment token enjoyed a 6.07% rally on the back of a decisive win in the long-running securities dispute with the Securities Exchange Commission (SEC).

Polygon’s MATIC token rallied 8.2% following a partnership announcement with Disney’s accelerator fund.

The decentralised finance (DeFi) space also posted strong results, with Compound Finance, Uniswap and Curve all posting double-digit gains.