Cryptocurrency falls after storming new historical highs

Cryptocurrency falls after storming new historical highs

Major cryptocurrencies on Mondayhave entered a phase of some rather substantialcorrection that followed the sharp rise of rates that preceded it. Previously, the most popular digital assets, led by Bitcoin, renewed their all-time highs, and the main cryptocurrency surpassed the psychological mark to $ 41,000.

However, XRP remains in a rather difficultthe situation after the claim of the US Securities and Exchange Commission (SEC) against Ripple. The company is now trying to resolve the conflict with the American financial regulator, but the token remains under the pressure of this problem.

At the same time, it became known that the Flare Foundation,part of the Flare Network ecosystem, plans to integrate with the Litecoin blockchain. Thus, holders of this cryptocurrency will have access to the functionality of smart contracts, and Litecoin developers will have the opportunity to create decentralized applications. In addition, after integration, the project will conduct an airdrop for Litecoin holders.

Against the background of these events, the bitcoin rate per day, according toaccording to Libertex, immediately decreased by 13% - to $ 35,576 with a capitalization of $ 655.6 billion. Ethereum fell 15% to $ 1,120 with a capitalization of $ 126.1 billion. XRP dropped in price by 15.2% - to $ 0.282, its capitalization amounted to $ 12.8 billion. Litecoin weakened by 13% to $ 143.5 with a capitalization of $ 9.6 billion.

The total cryptocurrency market capitalization reached $ 961.5 billion.

According to financial scouts, the market will soonwill continue to go down, as a short-term correction is ripe for it. After that, the storming of new highs is not excluded. Bitcoin could soon break through the psychological level of $ 41,000, Ethereum could rise to $ 150, XRP to $ 0.34, and Litecoin to $ 170.