Bitcoin and Ethereum remained steady, unable to gain back some of the losses incurred late last week, with the EU set to follow the US and vote on its own regulatory framework for crypto assets today.
Bitcoin was down 0.42%, changing hands at US$38,978, after dipping below the key support level of US$40,000 last Friday. Ethereum was down 0.08% to US$2,584, with cryptos seemingly settled over the past two days with the equity markets closed.
The EU is set to vote on a proposed rule today, which could effectively amount to ban of Bitcoin. The vote would look to limit the amount of proof-of-work mining that takes place, a key component in mining Bitcoin tokens.