SHIB, AVAX, LUNA Record Double-Digit Losses as Bitcoin Slides to $47K

Excluding stablecoins, SushiSwap , UNUS SED LEO , ICON and IOTA are the only coins in the green within the top 100. Kadena is down 17%, becoming the top laggard.

Bitcoin bulls attempted to start the week on a high note, trying to reclaim the $52,000 level on Monday. However, the attempt failed, with the bellwether cryptocurrency retracing more than 8% from its local peak. As it often happens with crypto, it’s not immediately clear what triggered the most recent correction.

Earlier today, crypto trader Scott Melker pointed out that the top cryptocurrency was still within the same range after being rejected at resistance.Famed day trader Timothy Sykes has commented on the growing divergence between crypto and stocks, claiming that it could be part of “a bigger reckoning.”

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Source: Crypto_Potato - 🏆 568. / 51 Read more »