The most popular cryptocurrencies are mainly falling in price on Monday, and, according to the cryptocurrency trading platform StormGain, their rate of decline reaches 3-4%.

The reason for the negative mood was a statement by analysts from the American investment bank JPMorgan that if the national digital currency is introduced into the United States, the country's economy will suffer heavy losses. At the same time, experts believe that in other countries where a national cryptocurrency can be launched, it will be possible to reduce dependence on the dollar, but this is a matter of the distant future.

At the same time, the news that the Iranian authorities are working on an expanded strategy for the development of mining had a positive effect on the market. According to the Iranian president, this type of activity can become the main source of state budget income.

The most popular cryptocurrencies might continue to become cheaper. In this case, Bitcoin risks falling to $8,500, Bitcoin Cash - to $220, Ethereum - to $190, XRP - to $0.19, and Litecoin - to $40.