Bitcoin dropped below the $21,000 mark on Sunday evening as the global cryptocurrency market cap declined 1% to $957.1 billion.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
-2%
0.3%
$20,867.42
Ethereum (CRYPTO: ETH)
-2%
15.4%
$1,346.98
Dogecoin (CRYPTO: DOGE)
-2.1%
-5.7%
$0.06
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Lido DAO (LDO)
+14.7%
$1.58
Ethereum Classic (ETC)
+14.4%
$19.69
Theta Fuel (TFUEL)
+14.2%
$0.06
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Why It Matters: Cryptocurrencies fell on Sunday evening after exhibiting strength over the weekend, with Bitcoin touching a high of $21,600.64 during the period and Ethereum touching $1,377.94.
Meanwhile, stocks — risk assets, which cryptocurrencies have consistently shadowed in the recent past — were seen in the green at press time. S&P 500 and Nasdaq futures were up 0.2% and 0.3%, respectively.
“Risky assets have been beaten up enough and could be ready for a bounce here, but a sustained rally won’t be happening until the Fed has delivered a couple more massive rate hikes,” said Edward Moya, a senior market analyst with OANDA, in a note seen by Benzinga.
Going into the fresh trading week, the sentiment around cryptocurrencies remains weak. Alternative.me’s “Crypto Fear & Greed Index” flashed “Extreme Fear” at press time …
Full story available on Benzinga.com