Crypto Sluggish at the Start of the Week, New Altcoins in the Spotlight
The global crypto market is under pressure again—Bitcoin fell around 2% back to the US$115,000–US$116,000 range on Monday, after briefly hitting a record high the previous week. Ethereum also weakened sharply, dropping around 3% to the US$4,335–US$4,350 range. XRP also suffered, dropping around 4–5%, breaching the psychologically important US$3 level—a correction believed to be triggered by investor profit-taking after the recent rally.
Globally, the crypto market capitalization showed a moderate correction, falling around 1.4%–1.5% in the past 24 hours, as trading volume increased, indicating high liquidity despite the price decline. Investor sentiment appears to be awaiting direction from Fed Chairman Jerome Powell's speech, scheduled for later this week in Jackson Hole—a potential short-term trend-setter for risky assets like crypto.
However, not all crypto figures are experiencing a correction: several altcoins, such as Solana (SOL), Litecoin (LTC), and the new project Remittix (RTX), are actually showing bullish momentum. Solana is approaching the US$200 level and Litecoin is above US$135 thanks to potential technical breakouts, while Remittix is increasingly attracting investor attention with its presale capital raised exceeding US$19 million and plans to list on a centralized exchange (CEX), which is increasing market interest.
Source: Newsmaker.id
