Bitcoin treads water as risk-off grips markets, altcoins are mixed: Crypto Markets Today
The crypto market traded in a tight range on Friday with bitcoin changing hands at $88,950 and ether losing around 1% since midnight UTC to $2,920.
The performance is in line with U.S. equities. Nasdaq 100 index futures and S&P 500 index futures lost 0.4% and 0.25%, respectively, over the same period.
Precious metals gold and silver extended their runs to record highs this week as traders flocked to haven assets, an indication of a risk-off mood in markets.
The sentiment can be attributed to the first trilateral talks between Ukraine, Russia and the U.S. on Friday, with investors seemingly not hopeful that a resolution to the conflict will be made.
The altcoin sector showed signs of slight strength despite wider…
