Investor

Bitcoin and Ethereum Adapt to Risky Investor Climate

Bitcoin is showing signs of price consolidation at the US$19,400 mark as we head into Monday’s trading session.

Volumes remain relatively weak due to a risk-free investor climate, with the Fear & Greed index firmly extreme fear Category.

The same can be said for Ethereum, which is currently changing hands at US$1,320 and showing little sign of movement.

Ripple (XRP) remains one of the fastest growing altcoins right now, having broken through $0.50 over the weekend and held that price ever since.

All eyes remain on the expected outcome of the Securities and Exchange Commission’s legal action against Ripple; a positive result for the latter could send XRP even higher.

The broader altcoin space remained essentially flat at $940 billion, with large caps such as Solana, Cardano, BNB, and Polkadot remaining within a tight trading range.

Tron network coin TRX outperformed adding 3% this morning, while Polygon (MATIC) is also trending higher.

Quant (QNT) has been among the worst performers over the past 24 hours, with the $1.8 billion blockchain network dropping more than 6%.

MakerDAO continues to shine in the decentralized finance (DeFi) space, having added another 3.7% to bring its market capitalization to $890 million.

In contrast, DeFi protocols Lido DAO, 1inch Network, Convex Finance and Uniswap were among the worst performers at the start of the week.

The total value locked across all DeFi protocols is $54.9 billion.