Bitcoin traded below the $30,000 mark, while Ethereum and Dogecoin were also weaker over the last 24 hours at press time on Monday evening, as the global cryptocurrency market cap declined 4.4% to $1.3 trillion.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
-4.1%
-0.9%
$29,898.70
Ethereum (CRYPTO: ETH)
-5.1%
-8.7%
$2,027.14
Dogecoin (CRYPTO: DOGE)
-4.45%
-14.3%
$0.09
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
eCash (AR)
+10.3%
$0.000047
PAX Gold (PAXG)
+0.9%
$1,826.98
TrueUSD (TUSD)
+0.05%
$1
See Also: Best USDC Interest Rates
Why It Matters: Cryptocurrencies continue to mirror stocks closely. At press time, the S&P 500 and Nasdaq futures were relatively flat after stocks ended Monday in the red.
The dollar index was 0.08% lower at $104.1 at press time. The measure of the greenback’s strength against six of its peers has slipped from the $105 levels touched on Friday.
On the current state of the dollar index, cryptocurrency trader Michaël van de Poppe said the “highs have been swept for liquidity.”
The analyst tweeted that if …
Full story available on Benzinga.com