Bitcoin, Ether fall; top 10 tokens lose steam


Bitcoin fell in Monday morning trading in Asia after failing to breach the US$30,000 resistance ceiling over the weekend. Ether dropped below the US$1,900 mark, while other top 10 non-stablecoin cryptocurrencies traded flat to lower. XRP led the losers. U.S. equity futures traded flat after Wall Street’s Friday rally. Stock investors have the U.S. consumer price index (CPI) out on Wednesday for the next look at the pace of inflation and a week ahead to find out if worries about the banking industry will ease.

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Top 10 crypto lose steam

Image: Envato Elements

Bitcoin dropped 1.34% to US$28,594 in the 24 hours to 09:00 a.m. in Hong Kong, according to CoinMarketCap data, losing 2.45% for the week. The world’s largest cryptocurrency reached a weekly high of US$29,820 on Saturday, but then lost momentum.

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