Key cryptocurrency tokens saw mixed trading on Monday, with Tron (2%), Toncoin (1.6%), Polygon 7.1%), Avalanche (3.5%), and Polkadot trading in the green and Bitcoin (-0.9%), Ethereum (-1.2%), BNB (-2.1%), XRP (-1.8%), Solana (-2.5%), and Chainlink (-5.5%) trading in the red.
In the meantime, over the past day, the value of the worldwide cryptocurrency market dropped by 0.43% to approximately $1.41 trillion.
At $36,933, BTC was down 0.9% on the market. The largest cryptocurrency in the world, Bitcoin, had a fall in market capitalization to $721 billion in the past day.
Currently, 51.20% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 0.6% to $13.04 billion in the previous day.
Over the weekend, Bitcoin continued to trade above $37,000, logging its fourth straight week of gains. Investors are bullish about spot ETFs after a 40% spike in recent weeks and a 6% increase in the last seven days. Now, attention is focused on the $40,000 mark.
Conversely, Ethereum is still above $2,000 thanks to Blackrock’s spot ETF registration, which is encouraging smart contract ecosystems. The fact that ETH encounters resistance at $2,500 and support around $1,900 adds to the general optimism in the market.