Cryptocurrency prices have gone through a consolidation period over the weekend after showing mixed styles in many parts of the past week. The visible currency market appears to be carrying weak momentum since the weekend on Monday as more cryptocurrencies collapsed.
Bitcoin, the world’s most popular digital currency, declined slightly but remained above $ 40,000 at 12:41 pm, dropping more than 3.28 percent. Bitcoin currency remained stable at $ 755 billion.
When Bitcoin fell, its closest rival Ether rose to $ 2624.94, more than 1.26 percent. Ether revenue has also risen to $ 306 billion.
However, many other altcoins fell today following a strong meeting last week. The prices of XRP, Cardano, Stellar, Dogecoin, Chainlink and Litecoin dropped by 1.3-2.5%.
Commenting on the minor weakness in the cryptocurrency market, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “We see a small integration in many cryptocurrencies. This integration, was expected. , after a rigorous meeting a few days ago. ”
“Technical indicators have shown that both Bitcoin and Ether are roaming at resistance levels. The momentum of these investments at this point can have an impact on the entire market organization, ”he added.
“In the next 24 hours, we can expect the markets to remain indecisive. Cryptocurrency indicator of ‘fear and greed’ indicates that the market is currently neutral. ”