Bitcoin and Ethereum lost ground at press time on Monday evening, as both coins failed to breach their key levels amid diminishing returns, with the global cryptocurrency market cap falling 3% to $1.25 trillion.
Price Performance Of Major Coins
Coin
24-hour
7-day
Price
Bitcoin (CRYPTO: BTC)
-3.7%
-2.4%
$29,169.44
Ethereum (CRYPTO: ETH)
-3.2%
-2.5%
$1,977.84
Dogecoin (CRYPTO: DOGE)
-3%
5.5%
$0.08
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency
24-Hour % Change (+/-)
Price
Bitcoin Gold (BTG)
+25%
$24.37
TerraUSD (UST)
+11.8%
$0.0715
Stacks (STX)
+9.4%
$0.61
See Also: Best USDC Interest Rates
What Happened: While U.S. stocks rallied on Monday, the momentum fizzled out after the closing bell. At press time, S&P 500 and Nasdaq futures were down 0.3% and 0.7%, respectively.
Risk assets like Bitcoin failed to attract investors and will remain a “choppy trade” throughout the summer, according to Edward Moya, a senior market analyst at OANDA.
“Bitcoin prices remain weak despite a broad risk rally on Wall Street. It looks like most crypto traders are hesitant to buy the dip, which most …
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