Bitcoin fell by 2% to $30,221 on Monday, and Ethereum was trading below $1,900, reflecting a decline in the cryptocurrency markets. Despite a positive investor sentiment, the key challenge for Bitcoin is to maintain its position above the crucial US$30,000 level, according to Edul Patel, the CEO at Mudrex. The market cap of Bitcoin, currently around $586bn, was trading lower around $1.18tn, leading to a decrease of 2% in the global cryptocurrency market cap in the last 24 hours. Other top cryptocurrencies like Litecoin, Cardano, and Polygon declined over 3% each.
