The crypto market has been in recovery mode in recent sessions, posting institutional inflows of $85-million last week.
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Consumers and businesses are increasingly starting to use digital tokens other than bitcoin for purchases, according to BitPay.
Bitcoin continued its drop on Friday, falling below $42 000 to levels not seen since September.
Bitcoin fell below $43 000 on Thursday, testing multi-month lows.
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Ether is outperforming bitcoin by the greatest amount this year since the native token of the ethereum network was launched in 2015.
Bitcoin tumbled over 9% on Friday, dragging smaller tokens down, after the discovery of a new, potentially vaccine-resistant coronavirus variant.
Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months.