Bitcoin and ether held steady over the past 24 hours, data from CoinGecko shows, with few fundamental catalysts to lift markets.
XRP and cardano prices slid for a second straight day as traders eased off riskier alternative cryptocurrencies, with no major token in the green. Both fell as much as 3%.that development activity on Cardano was the highest among all networks in the past month, surpassing Polkadot and Kusama. Bnb fell 1.2% amid concerns of a major liquidation on Venus Protocol, a lending and borrowing platform built on BNB Chain.
“We saw a huge rise in 'buy the dip' mentions. This indicates that trader optimism was quite high that there would be a quick market recovery,” Santiment said in a Monday note. “But looks at how the wishful thinking has died down considerably in the past few days.”
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