Bitcoin fell to $5900 last Monday for the first time since June, taking the majority of other cryptocurrencies along with it.

According to CoinDesk’s index data, the world’s biggest virtual currency by value went down by 4% before recovering to $6112.

Meanwhile, Ethereum fell to its lowest level since September to $267.61, while Ripple retreated to 27 cents.

CryptoCompare CEO Charles Hayter says that the downtrend was due to the postponement of a bitcoin exchange-traded fund (ETF) proposed by VanEck and Solid X.

 

Source: CNBC

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