The world’s largest cryptocurrency by market capitalization has jumped over $47,000 but fell to the $46,000mark.
Bitcoin price fell on Monday.
Bitcoin price fell on Monday and other cryptocurrencies were down too as the global crypto market was trading in the red, according to data on CoinDesk.
The world’s largest cryptocurrency by market capitalization had jumped over $47,000 but fell to the $46,000-mark.
The second largest cryptocurrency, Ethereum, also gained, only to register a drop subsequently.
Bitcoin dropped 0.24 per cent to trade at $46,217. Ethereum shed losses to gain 0.92 per cent at $3,505.
Other popular alt coins such as Terra fell 1.34 per cent, XRP gained 0.07 per cent, Solana down by 1.35 per cent, Cardano down by 2.10 per cent, Avalanche fell by 2.13 per cent, Polkadot gained 0.14 per cent, Stellar was up by 0.99 per cent, Dodgecoin gained 3.32 per cent, Axie Infinity was up by 0.85 per cent, and Chainlink fell by 0.60 per cent. Shiba Inu gained 1.63 per cent.
“Bitcoin and Ethereum dropped over the weekend but later gained back the winning streak on Sunday. Major top cryptos have also dipped over the weekend. BTC and ETH are currently trading above US$46,000 and US$3,500 levels showing decent growth over the past 24 hours,” Edul Patel, CEO and Co-founder, Mudrex said.
“BTC’s resistance between US$48,000 and US$50,000 could stall the rally with brief pullbacks. The coming week would be critical for the crypto spectrum,” Patel said.