The two largest coins were trading in the red globally as of Monday evening cryptocurrency The market cap fell 1.1% in the 24-hour period as of 9:18 p.m. EDT to $930.7 billion.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | -1.15% | -1.55% | $19,294.18 |
| ether ETH/USD | -1.6% | 0.1% | $1,339.91 |
| Dogecoins DOGE/USD | -1.9% | -1.2% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| Klaytn (CLAY) | +13.7% | $0.2 |
| chilli (CHF) | 5.75% | $0.19 |
| theta network (THETA) | +3.7% | $1.06 |
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Why It Matters: Bitcoin and ether were down despite shares closing higher on Monday. The S&P 500 and Nasdaq closed 1.2% and 0.9% higher, respectively. At the time of writing, US stock futures were flat.
On Monday, Minister of Finance Janet Yellen Called for “increased” enforcement of cryptocurrencies but said the digital assets do not pose a significant threat to financial stability, reported The block.
“Cryptos traded mixed as Bitcoin slipped towards $19,000, while Ethereum drew more attention as their supply seems to be finally dwindling since the merger,” he said Edward Moyaa senior market analyst at OANDA.
“Bitcoin is stuck around $19,000 and will likely remain so until we get past next week’s FOMC policy meeting.”
That Federal Committee of the Free Market should meet next Tuesday.
cryptocurrency trader Justin Bennett said Ethereum is outperforming Bitcoin so far this week.
“If $1,336 can hold, we could finally see that leg down to $1,420 to surpass recent highs and test August and mid-September lows.”
#crypto still looks sluggish in comparison #Stocksbut $ETH is outstanding $BTC so far this week.
If $1,336 can hold we could finally see that leg up to $1,420 to surpass recent highs and end August and…
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