After a weekend of recovering, popular cryptocurrency prices lost steam on Monday. The larger crypto market’s tendencies are now mixed, with trade momentum being sluggish.
Bitcoin, the world’s most popular cryptocurrency, is down slightly Monday following a weekend rally. Bitcoin was trading at $47,958, up 1.17 percent from 1:35 p.m. the previous day.
The cryptocurrency’s market capitalization is still above $900 billion. The trade volume, however, has remained low at $616 million. Simultaneously, volatility remains high.
The second-most popular cryptocurrency, Ether, has likewise dropped in value during the last 24 hours. It is currently selling at $3,179, down roughly 1% from the previous day’s price.
Ether’s market capitalization has dropped to $372.59 billion. Trading volumes for Ether have remained modest in the last 24 hours, similar to Bitcoin.
Popular cryptocurrencies including XRP, Cardano, Dogecoin, Stellar, Polkadot, Uniswap, Chainlink, Polygon, and Litecoin have all stayed lower in value than they were 24 hours ago.
The lower trading activity appears to be the primary cause for today’s minor loss of momentum in the bitcoin market. However, certainly good news, such as Cuba’s decision to regulate bitcoin use, may boost the momentum today.
Meanwhile, the first cryptocurrency ATM has opened in Honduras, as proponents of the digital currency seek to boost demand after El Salvador became the first government to recognise Bitcoin as legal cash.
Here are the latest prices and trends of popular cryptocurrencies:
|Cryptocurrency||Price (US Dollar)||24-hour change||Market cap (Billion)||Volume (24 Hours)|