Bitcoin and Ethereum were trading largely sideways on Tuesday morning after sinking to lows over the weekend.
After sinking below US$38K on Saturday, the largest cryptocurrency by market value continued to languish below its key support level of US$40,000, giving up 0.6% to US$38,615 over the past 24 hours.
Ethereum outpaced its bigger rival, rising 0.5% to US$2,851 after hitting a six-week low over the weekend and marking almost two weeks since the second-largest digital coin was regularly changing hands above US$3,000.
Both cryptos were trading over 40% below their all-time highs seen in the latter parts of last year.
The majority of the digital currency world followed in the negative footsteps of Bitcoin and Ethereum.
Some of the biggest fallers included Solana, doggy meme-coin Shiba Inu and Cronos, which gave up 2.1%, 2.7% and 8.2% respectively.
Most notably to buck the trend, however, were Terra and Avalanche, which climbed 2.2% and 3.5% respectively.