Major cryptocurrency tokens continued their bull run on Friday, rising as speculation about a rate cut in June intensified following a sharp decline in US retail sales.

Data released overnight revealed that January’s 0.8% decline in US retail sales was the biggest decline in ten months.

Ethereum was up 2.5% at $2,842, while Bitcoin was up 0.22% at $52,074. on the meanwhile, the value of the world’s cryptocurrency market increased by 1% to about $1.96 trillion on the previous day.

Over the previous day, Bitcoin was observed trading between $51,900 and $52,700, maintaining a market capitalization of more than $1 trillion. Significant investments in Bitcoin spot ETFs and a growing desire for the main digital currency among US investors drove the value growth.

Due to an increase in Ethereum staking, Ethereum has outperformed Bitcoin in terms of weekly gains. Ethereum may cross the $3,000 barrier in the coming days, according on the trend.

Other altcoins had 4-7% increases, including BNB, XRP, Cardano, and Polygon. Up to 3% gains were also made by Chainlink, Polkadot, Toncoin, Internet Computer, and Shiba Inu. On the other hand, Solana and Avalanche had a 2% decrease.

Currently, the overall volume in DeFi is $7.29 billion, or 8.29% of the 24-hour volume in the entire cryptocurrency market. According to data accessible on CoinMarketCap, the total amount of stablecoins is currently $80.34 billion, or 91.3% of the 24-hour volume of the whole cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, had its market capitalization rise to $1.02 trillion in the last day. The current dominance of Bitcoin is 52.16%, as reported by CoinMarketCap. The volume of BTC dropped 19.5% to $35.2 billion in the last day.