CRYPTO NEWS: The cryptocurrency markets dipped below $170 billion on Monday, with traders expressing tepidity about a potential Japanese initial coin offering ban.*
Consequently, Bitcoin took a $400 dip after a big run up last Saturday, falling below $5,800.
Ethereum also dropped below $280, and the majority of altcoins returned negative performance for the day.
The Ripple price declined 5.48%, pushing its price to $0.1929. The Bitcoin Cash price dipped 7.35% and is now trading at $314. The Litecoin price dropped 6.41% to $53.51, while Dash’s 3.56% decline lowered its price to $265.
The NEM, Monero and NEO prices each dropped about 5%. Bitconnect lost 3.62% and is now traded at $196.**
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* Information source: cryptocoinsnews, coinmarketcap
**Information provided is not a reliable indicator of future performance
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