The world’s largest cryptocurrency by market volume, Bitcoin, fell by 0.64 per cent to $42,322.66.
Other popular alt coins such as Dogecoin was down by 1.51 per cent and Shiba Inu fell by 1.20 per cent.
Bitcoin and Ethereum were trading in the red on Monday as the global cryptocurrency market was down. Bitcoin’s price was hovering below $42,500-mark as the overall global cryptocurrency market volume was down.
Other cryptocurrencies fell too.
The world’s largest cryptocurrency by market volume, Bitcoin, fell by 0.64 per cent to $42,322.66.
The second largest cryptocurrency, Ethereum, was down by 1.70 per cent to $3,185.66.
Other cryptocurrencies such as XRP fell by 2.52 per cent, Terra was down by 6.06 per cent, Solana fell by 0.88 per cent, Cardano was down by 1.78 per cent, Avalanche fell by 4.14 per cent, and Polkadot was down by 4 per cent.
Other popular alt coins such as Dogecoin was down by 1.51 per cent and Shiba Inu fell by 1.20 per cent.
“Bitcoin, Ethereum, and other significant cryptocurrencies continued to fall over the weekend. The situation could be due to the economic crisis emerging from Russia’s invasion of Ukraine and increased interest rates by the US central bank. Since BTC is close to its support levels between US$40,000 and US43,000 could result in a brief pullback,” Edul Patel, CEO and Co-founder, Mudrex said.
“According to the market cap, ApeCoin is up by nearly 5 per cent, STEPN by 3 per cent, and Kyber Network Crystal v2 by 17 per cent over the past day. As April and June are considered seasonally strong periods for cryptos and stocks, this may drive short-term buyers in the coming days,” Patel said.
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