Some analysts are optimistic about the broad crypto rally and see further upside, especially for ether.
Ether is up 3% over the past 24 hours.
Bulls returned to defend short-term support in bitcoin and ether.
Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.
Bitcoin is declining as regulatory concerns rise; ether is holding support.
Bitcoin dipped below $40K as traders digest proposed crypto taxes.
Bitcoin is in pullback mode heading into the weekend as bulls take a breather.
Analysts expect bitcoin to pause at around $40K before its next leg up.
Technical data suggests lower support around $34,000 could stabilize the current pullback.
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.