Bitcoin and Ethereum have opened this week’s trade in the red, dragging the altcoin market down in the early Monday hours.
Hopes for a sustained rally following a strong week were put on ice, with Bitcoin down 0.47% to US$20,419 and Ethereum down 0.84% to US$1,140.
After creeping above the $1tln barrier over the weekend, global market cap slid back to $912.86bln for a 3.37% day-on-day drop.
Poorly performing tokens included STEPN, currently 11.46% down despite recent bullish price action, and decentralised finance (DeFi) project Convex Finance, down 8.55% after being among the top-performing DeFi tokens in recent weeks.
Chiliz opened strong, with the fan-engagement project posting a 5.35% climb against the day, while privacy coin Monero shot up 3.7%.