Bitcoin has started the week with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $56,060.47 (-0.33%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has fallen to $1,878.12 (-2.02%), while XRP has increased by 13.37% and is now trading at $0.594.
The price of the largest crypto on the market is experiencing a slight correction after getting quite close to the $60,000 barrier over the weekend. Thus, yesterday, the benchmark cryptocurrency reached $58,300 during the afternoon. However, the coin has found strong resistance on its way to $60,000 which has resulted in it losing around $2,000 over the past day.
The current rally has resulted in its capitalization surpassing the $1T mark last Friday as the price approached $55,000.
The crypto market is making significant highs. For instance, just two days ago it was known Ether had surpassed $2,000 for the first time ever.
According to CoinMarketCap’s ranking, 4 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,710,168,016,250.
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