Bitcoin and Ethereum Start the Week in Red Despite Gaining Value on the 7-Day Chart

The week has once again started on a negative note for the crypto market. Over the weekend, the top cryptos gradually lost the value they accumulated over the week.

After a weekend of gradual losses for the top cryptos, Monday started on a negative note for the crypto market. Despite showing gains on the 7-day performance chart, meme tokens like Dogecoin and Shiba Inu followed suit with the top guns.

Bitcoin, Ethereum, and Solana lost significant value on Sunday. But, let’s check out the best and worst performers of the day for a better perspective.

Here’s the daily crypto update with the latest market developments.

Bitcoin (BTC)

Bitcoin has shown a 10.45% gain in the past 7 days. However, the market leader started the week on a grim note.

BTC lost around 4% in market value, trading around the 58,500-dollar mark. It showed some stability in the past hour, but it’s subject to fluctuations throughout the day.

With the ETF market showing two weeks of losses in a row, the crypto market is also sharing its implications. The performance chart of both ETH and BTC showcases the sentiment perfectly.

Ethereum (ETH)

Similar to Bitcoin, Ethereum has also lost around 4% value in the past 24 hours. But, its 7-day performance chart shows a growth of 11.76%.

The coin fell from its original 3,500-dollar mark to 2,500 dollars. Its 1-hour performance is stable, but traders are worried about the status of the ETF market. Meanwhile, gas fees for Ethereum hit a 5-year low.