The Crypto Report: Bitcoin and Ethereum square up to risk-off investor climate

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

Volumes remain comparatively low due to a risk-off investor climate, with the Fear & Greed Index firmly in the extreme fear category.

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

Ripple (XRP) remains one of the most buoyant altcoins at the moment, having broken through US$0.50 over the weekend and sustained that price point since.

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

The wider altcoin space has remained essentially flat at US$940bn, with large-caps including Solana, Cardano, BNB and Polkadot staying in a tight trading range.

The Tron network’s TRX coin has outperformed by adding 3% this morning, while Polygon (MATIC) is also trending upwards.

Quant (QNT) was among the worst performers over the past 24 hours, with the US$1.8bn blockchain network dropping over 6%.

MakerDAO continues to shine in the decentralised finance (DeFi) space, having added another 3.7% to bring its market capitalisation up to US$890mln.

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

Total value locked across all DeFi protocols is US$54.9bn.

#ProactiveInvestors #TheCryptoReport #Bitcoin #Ethereum #RippleXRP #SEC

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