After a bit of a profit-taking meltdown on Friday afternoon, crypto traders will be relieved to learn that the market remained reasonably steady over the weekend and further declines were avoided.
This means that the crypto market starts the week with a market capitalisation of just over US$280.7 billion according to Coin Market Cap.
While this is a 3% decline from this time on Friday morning, it is 1.5% higher than where it stood on Saturday morning.
Here is the state of play on Monday morning:
The Bitcoin (BTC) price has fallen 0.15% over the last 24 hours to US$7,412.35 per coin, reducing the crypto giant’s market capitalisation slightly to US$127.2 billion.
The Ethereum (ETH) price has fallen 1.8% over the period to US$458.53 per token, leaving it with a market capitalisation of just over US$46.2 billion.
The Ripple (XRP) price has tumbled 0.9% since this time yesterday to 45.2 U.S. cents. This decline means that XRP now has a market capitalisation of just a touch under US$17.8 billion.
The Bitcoin Cash (BCH) price has fallen 0.2% over the last 24 hours to US$792.64, reducing the Bitcoin spin off’s market capitalisation to US$13.7 billion.
The EOS (EOS) price has dropped 2.4% since this time yesterday to US$7.95, leaving the alt coin with a market capitalisation of US$7.1 billion.
Outside the five it was a similar story with just three of the top 25 coins in positive territory.
One of those three coins is Cardano (ADA) which is up 2.6% over the last 24 hours to 17.1 U.S. cents. The fledgling alt coin was given a major lift last week after being named as one of five potential new additions to the CoinBase trading platform.
Elsewhere the Stellar (XLM) price has fallen 2.9% to 28.4 U.S. cents, the Litecoin (LTC) price is off 1.6% to US$83.49, IOTA (MIOTA) is down 4% to 97.55 U.S. cents, and Tether (USDT) is flat at 99.9 U.S. cents.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.