Cryptocurrencies updates: Bitcoin and Ethereum decline but hold resistance level

Second-largest virtual currency Ether was also around one percent down at $1,078.9 with market capitalisation of $130.9 billion. Trade volume of Ethereum was around $15.4 billion in the last 24 hours.

Polygon was up by 22.1 percent at $0.49 with market capitalisation of $3.94 billion and trade volume of $739.48 million. The analyst said, "Polygon recently achieved carbon neutrality (a balance between emitting and absorbing carbon). This has led to a surge in MATIC price in the last few days, jumping up by 30 percent." "The hourly trend for MATIC has broken out of the ascending triangle pattern. The next resistance is expected at $0.73 level," they added.

Meme crypto Dogecoin climbed 2.6 percent with a trade volume of $590.1 million in 24 hours. Shiba Inu was trading 2.8 percent higher at $0.0000099 while Solana was up by 1.6 percent to trade at $35.3 billion.

Global stock markets showed a mixed trend after Fed Chair Jerome Powell said the US central banks is "strongly committed" to fight inflation. Indian headline indices opened higher after on Thursday amid mixed trends in Asian equities.