Bitcoin and Ether prices have fallen to monthly lows due to concerns over shrinking liquidity and congestion on the network. Bitcoin slid 2.13% to below US$27,000, losing 6.63% for the week. Congestion on the Bitcoin blockchain is fueling the slide, with a backlog of waiting transactions reaching almost 300,000 on Friday morning.
Ether fell 2.34% to US$1,795, posting a weekly loss of 4.45%. All other top 10 non-stablecoin cryptocurrencies traded lower, with Polygon's Matic token leading the losers. The total crypto market capitalization fell 2.11% in the past 24 hours to US$1.12 trillion.
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