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Major cryptocurrencies have extended losses on Monday. Bitcoin remains below the $21,000 mark. The global crypto market value stands at $1 trillion, with a figure of $72.6 billion in the last 24 hours.
Bitcoin | The worlds largest and most popular cryptocurrency, Bitcoin, fell 1.4% to $20,486.9. Its market value stands at $393.2 billion. The business value is $32.8 billion. The index has fallen 5.4% in the past seven days.
"Bitcoin continues to trade below the $21,000 level as bulls lose control over the past 24 hours. If BTC can trade sideways this week, the Bulls can move forward and fall near the support line. If the demand increases a bit today, we may soon see BTC testing the $21,000 level. If the bull stops, BTC can fall to $20,300 and reach $19,600," said Edul Patel, CEO and founder of Mudrex.
Ethereum | The second largest currency, Ethereum or Ether, fell 2.5% to $1,581.2 on a market capitalization of $192.7 billion. Ethereums market cap is almost $14.8 billion in the last 24 hours. The token has jumped 16.3% in the past week.
On Ethereum, Patel said, "If ETH can support that value, we can see it reach its next resistance at $1,600. If the bears cannot hold the path, The upside may continue this week, and this may lead to a test of the $1,700 area."
Dogecoin | Virtual currency Dogecoin fell 3.7% to $0.1. Its market value is almost $16 billion. The business value is $7.7 billion. Free money poured over 100% in 7 days.
Solana | Solana fell more than one percent to $32.7 on a market capitalization of $11.7 billion. Solana market value is $818.3 million in the last 24 hours.
Shiba Inus | Shiba Inu fell 7.5% with a market capitalization of $6.6 billion. The trading volume was $1.1 million in the last 24 hours.
Polygon | Polygon fell 2.8% to $0.8 on gross sales of $7.7 billion. The trading volume was $353.1 million in the last 24 hours.
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