The most popular cryptocurrencies are getting cheaper on Monday, and, according to the StormGain cryptocurrency trading platform, their rate of decline is 2-3%.
Such dynamics are observed in spite of rather favorable news from the market.
In particular, JP Morgan, an American investment bank, praised Bitcoin's price stability in the current environment. In addition, the representative of the US authorities considers the main cryptocurrencies as a promising tool for solving the problems of American financial institutions.
It is likely that in the near future the most popular cryptocurrencies will continue to fall in price because of the generally nervous situation in the financial markets. In this scenario, Bitcoin can drop to a psychological mark of $9,000, Bitcoin Cash - down to $230, Ethereum - down to $220, XRP - down to $0.18, and Litecoin - down to $41.