The steady decline in cryptocurrency markets continued Monday with most major currencies on the downturn. The bull run of the past week was a distant memory as coins were down in the high double digits.
SegWitCoin (BTC) dropped by a considerable 10% over a 24-hour period, and was hovering at just over the $11,000 level at press time on Monday. Ethereum (ETH) was also on the decline, dropping below the $300 mark to trade at the $295 level at press time. Litecoin (LTC) was once again dumped and down by no less than 8% to the $124 mark. The same fate was suffered by Chainlink which was down by a massive 12% to the $3.50 level after having reached the $4.40 mark on Saturday.
Bitcoin SV (BSV) was well supported at the $207 mark, whilst Cardano (ADA) was down by a further 5% to the $0.084 level. EOS was also down by 7% to the $5.80 level having dropped steadily over the past 24 hours, whilst Stellar (XLM) dropped by a similar 5% to the $0.107 mark after having lost practically all Saturday’s gains.
IOTA dropped below the $0.40 level for the first time in a month whilst, Binance Coin was down by a whopping 8% to the $32.20 mark. BCHABC also suffered a considerable decline to the $408 level or a drop of 6%, whilst Ripple (XRP) continued dropping by another 4% to the $0.408 mark.
Cryptocurrencies with smaller market caps also saw considerable declines across the board although there some notable exceptions. TRON and MATIC were down by 6% and 10% respectively, whilst HOT went the opposite direction with a considerable 16% gain. NEO suffered a 7% drop to the $16.70 mark, whilst VET, FET, ETC, ALGO, CELR and QTUM all suffered considerable declines which ranged from 5 to 12% overall.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.
