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Crypto majors stuck in tight range as altcoin rotation picks up steam

Crypto majors stuck in tight range as altcoin rotation picks up steam

Crypto majors bitcoin and ether ($ETH) head into the weekend having been confined to a tight trading range over the past four days, with $BTC being trapped between $76,100 and $78,000.

The lack of volatility has led to little pockets of the altcoin market benefitting from the speculative nature of crypto investors. The AI sector was the recipient of such speculation on Friday as $NEAR increased by 28.5% while FET posted an 11.4% gain in the past 24 hours.

Conversely, privacy coins DASH, ZEC and XMR experienced a wave of sell pressure on Friday, eroding much of their early week rally, indicating that sector rotation is in full effect.

Brent crude oil dropped to $102 per barrel on Friday, down from $112 seen earlier this week as…

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