Crypto markets fell Monday as traders locked in profits and looked for new catalysts to determine positioning while the U.S. observed President’s Day.
Solana (SOL) and XRP slipped 4% to lead losses among major cryptocurrencies, with bitcoin (BTC) dropping 1.1% and BNB Chain’s bnb down 0.5% in the past 24 hours. Dogecoin (DOGE) lost 3%. Both Cardano’s ADA and ether (ETH) rose 2% as of midday in Europe.
Jupiter’s JUP slid 9% to lead losses among midcap tokens, reeling from its apparent connections to the controversial LIBRA coin. Libra was briefly touted by Argentina’s President Javier Milei last week as a project that could help small businesses, but instead crashed in value shortly after issuance, with its operators now facing legal heat.
The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell 1.29%.
“With no significant crypto-specific catalysts in sight, price action…
