Market Wrap: Traders Brace for Higher Volatility; Altcoins Underperform

Most cryptocurrencies traded lower on Monday, although selling pressure appears to be slowing compared to last week. Bitcoin was down about 2% over the past 24 hours, compared to a 3% decline in ether and a 6% drop in Solana’s SOL token.

The underperformance of alternative cryptocurrencies on Monday suggests traders are still being cautious. Altcoins tend to decline more than bitcoin during market downturns due to their higher risk profile. The latest price declines resulted in losses for some leveraged traders. For example, more than 109,000 traders wereover the past 24 hours as bitcoin dipped below $40,000 on Monday for the first time since September.

“The volatility markets do not seem to be reflecting “extreme fear,” crypto trading firm QCP Capital wrote in a Telegram announcement on Monday. “In fact, over Friday and the weekend, our volatility desk saw large

Many do not follow the Bitcoin-Alt cycle. Too bad.

Underperforming? Not MATIC. Even if it looks like it on the charts, it isn't. Simply because the price doesnt matter, what matters is the technology it is bringing to, not only the space, but the world. It is shaping the future one step at a time.

Hey guys, come together, I found an airdrop like a bomb!! Project is very good. An educational project in the metaverse world. vreducative VEDU

A much easier way to identify possible macro bottoms.

I bet the new AltbaseApp will be awesome and worthwhile to be be the number 1 app for all cryptocurrency tradings.🤳 The new AltbaseApp will soon be launched within the week, and will be available for download on both android and iOS stores📱 BSC BSCGem Altbase Altcoins

Joining Polytrade_fin 's lendingpool because: SMEs need workingcapital to scale, tapping into crypto’s vast liquidity. Security of real-world invoices & fixed, assured returns gives investors diverse benefits Everyone gains! DeFi cryptoforindia

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Traders jostle amid thin liquidity on Japan holiday, China defends bullsAsian Stock Market: Traders jostle amid thin liquidity on Japan holiday, China defends bulls By anilpanchal7 Asia RiskAppetite China Coronavirus Fed
Source: FXStreetNews - 🏆 14. / 72 Read more »

5 things to know before the stock market opens MondayU.S. stock futures dropped Monday after a rough first trading week of the new year as tech stocks were battered by rising bond yields
Source: CNBC - 🏆 12. / 72 Read more »

Zynga, Lululemon, Virgin Orbit, Tilray: What to Watch When the Stock Market Opens TodayLululemon said its profit will come in at the low end of its guidance; Virgin Orbit shares were gaining premarket.
Source: WSJ - 🏆 98. / 63 Read more »

Shaquille O’Neal’s Super-Size Florida Mansion Is Back on the Market for $16.5 MillionNaturally, the 31,000-square-foot space has a full-size indoor basketball court. How about an update:
Source: RobbReport - 🏆 309. / 63 Read more »

Here's the market move Cathie Wood says is 'ridiculous' as her flagship fund sputtersHere’s the market move Cathie Wood says is ‘ridiculous’ as her flagship fund sputters Honestly thought she was smarter than that.
Source: MarketWatch - 🏆 3. / 97 Read more »