Major currencies were trading lower on Monday night as the global cryptocurrency market cap fell by 3.29% to $2.05 trillion.
What happened: Bitcoin (CRYPTO: BTC) down 1.82% to $45,210.12 in 24 hours. The major cryptocurrency is down 13.91% over the week.
The second largest currency by market capitalization, Ethereum (CRYPTO: ETH), down 2.23% to $3,319.65 in 24 hours. Over the course of seven days, ETH is down 14.92%.
See also: How to buy Cardano (ADA)
Cardano (CRYPTO: ADA) The price contracted by 4.74% to $2.42. For the week, the ADA is down 14.36%.
Cryptocurrency meme Dogecoin (CRYPTO: DOGE) is trading down 4.42% at $0.24. Within a week, DOGE stock was down 22.71%.
artificial (CRYPTO:SNX) was the biggest gainer on Monday night, rising 15.85% to $12.65. Within a week, the decentralized finance protocol token fell by 6.77%.
Against BTC and ETH, the SNX is up 18.46% and 19.28%, respectively, in 24 hours.
Notable 24 hour winners are included at press time Meena (CRYPTO: MINA), Silo (CRYPTO: CELO), and the piles (CRYPTO: STX).
MINA is up 15.59% to $5.87, CELO is up 8.14% at $5.41 and STX is up 3.28% to $1.51 in the period.
Why it matters: Microstrategy Incorporated (NASDAQ:MSTR) said in a statement to the US Securities and Exchange Office that it acquired 5,050 BTC for approximately $242.9 million.
See also: Profit lockout hurts Cardano’s ‘Ethereum Killer’ as smart contract startup
The Michael SaylorThe company-led company said it added 8,957 BTC to its company’s BTC vault in the third quarter of 2021 and now owns about 110,042 BTC, which it acquired at an average cost of $27,713 per coin.
Monday, Saylor chirp With the hashtag Bitcoin said, “Slow and steady wins the race.”
On-chain analytics firm Glassnode said in a blog post on Monday that long-term holders of BTC are unfazed by the sell-off that occurred last week.
“We can also see that the proprietary supply of LTH holders (the long-term holders) has reached 79.5% of all BTC this week, equal to the level reached in October, before the bull market took off,” the company wrote.
Glassnode defines long-term contract holders as “high-conviction buyers” whose coins have crossed the 155-day threshold.
while, Litecoin (CRYPTO: LTC), the fork of BTC, surged on Monday after a fake press release circulated. Wal-Mart Corporation (NYSE: WMT) has formed a great partnership with the latter.
At the time of writing, LTC is trading up 0.49% at $179.92. The cryptocurrency is trading 22.8% below the 24-hour high of $233.06 on Monday.
Litecoin Foundation I acknowledge On Monday, members of her social media team were “extremely excited” and shared the story from the official Twitter account after it was covered by major media outlets such as Reuters.
read the following: This Blockchain Platform Cryptocurrency Outperforms Ethereum, Dogecoin, and Cardano over 30 Days
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