Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.
Overhead pressure continues to weigh on the cryptocurrency market, particularly on highly volatile assets like meme coins. The Official Trump (TRUMP) token is struggling to stay above the $10.00 support level, reflecting a lethargic sentiment.
Ripple’s (XRP) price has stalled after testing resistance at $2.27. The token hovers at around $2.24 at the time of writing on Wednesday, amid lethargic sentiment in the broader cryptocurrency market.