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Major crypto tokens continued to rise in Friday’s trade as the prospect of a rate cut in June increased following a significant decline in US retail sales.

Overnight, figures revealed that US retail sales declined 0.8% in January, the steepest loss in ten months.

Bitcoin was trading 0.22% higher at $52,074, while Ethereum was up 2.5% to $2,842. Meanwhile, the worldwide cryptocurrency market capitalization increased by 1% to roughly $1.96 trillion in the last 24 hours.

Bitcoin has traded between $51,900 and $52,700 in the last 24 hours, with a market capitalization of more than $1 trillion. Significant investments in Bitcoin spot ETFs, as well as an improved hunger among US investors for the principal digital asset, spurred the price gain.

Ethereum has outperformed Bitcoin in terms of weekly growth, owing to an increase in Ethereum staking. The momentum predicts that Ethereum will surpass the $3,000 mark in the next days.

Other altcoins, like BNB, XRP, Cardano, and Polygon, rose 4-7%. Chainlink, Polkadot, Toncoin, Internet Computer, and Shiba Inu also saw gains of up to 3%. However, Solana and Avalanche dropped up to 2%.

DeFi’s total volume is currently $7.29 billion, accounting for 8.29% of the total cryptocurrency market’s 24-hour volume. According to CoinMarketCap data, the total amount of stablecoins is now $80.34 billion, accounting for 91.3% of the total 24-hour volume on the crypto market.

Bitcoin, the world’s largest cryptocurrency, has seen its market capitalization rise to $1.02 trillion in the last 24 hours. According to CoinMarketCap, Bitcoin now has a dominance of 52.16%. BTC volume plummeted 19.5% in the last 24 hours, reaching $35.2 billion.