Cryptocurrency prices traded down on Monday, with bitcoin slipping below $17,000. Crypto-related stocks fell across the board, with declines lead by Silvergate.
Bitcoin was trading at $16,932 shortly after 4:00 p.m. EST on Monday, according to TradingView data. The leading cryptocurrency by market cap dropped 1% over the past 24 hours.
Ether was trading at $1,256, down 1.7% over the past 24 hours. Binance's BNB experienced a slightly less severe sell-off, dropping by 1.5%. Dogecoin slipped 2.8%, while fellow dog-themed memecoin Shiba Inu bucked the downward trend by adding 0.3%.
Litecoin also fought the declines, rising 3.7% over the past day.
U.S. indices were in the red today, with the S&P 500 closing down 1.8% and the Nasdaq 100 dropping 1.7%.
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