The Crypto Report: Stagnant end to the week for cryptocurrencies after midweek news sparked a rally

Cryptocurrencies were relatively stagnant Friday morning, following two contrasting days, on news that US President Joe Biden signed an order for US government agencies to assess whether to create a Central Bank digital dollar and other crypto issues.

Bitcoin dropped back below the US$40,000, while its biggest rival Ethereum rose 0.4% to US$2,607.

Overall, 57 of the leading 100 cryptos were trading in positive territory – the most evenly balanced and stationary, on average, digital currencies have been in recent weeks.