Cryptocurrency prices mixed as recent rally fades
Cryptocurrency market continued to look fragile on Monday and while some tokens made gains, momentum appeared to be fading after recent gains.
Bitcoin, which less than a month ago reached a two-month peak of $8,484 – according to data provided by Investing.com – was trading back at $6,400 on Monday morning.
Cryptocurrency trading has turned more volatile in recent weeks as US investors have been put off by a series of disappointing decisions by the Securities and Exchange Commission (SEC) on exchange-traded funds (ETFs).
The regulator’s next decision on whether to allow bitcoin-based ETFs to list – which it has hitherto barred to protect investors from potential price manipulation – comes on Thursday, when it decides on two ETF applications from ProShares.
Price round up
Here’s how the cryptocurrency market was shaping up on Monday at 11am [London time]:
- Bitcoin +0.7% at $6,404
- Ethereum -2.5% at $289.16
- Ripple -0.5% at $0.33
- Bitcoin cash -1.8% at $546.57
- Eos -1% at $5.05
- Stellar lumens -0.6% at $0.22
- Litecoin -3.1% at $55.31
- Tether unchanged at $1
- Cardano -1.5% at $0.10
- Monero +1.4% at $97.33