Why Altcoins Were Struggling to Tread Water on Monday
Is the recent cryptocurrency rout over yet? Probably not, but after booking losses toward the end of last week that were significant at times, the landscape looked a little better for altcoins.
On Monday, quite a few were posting comparatively modest losses, with some even inching cautiously into positive territory. In late afternoon trading, Chainlink (CRYPTO: LINK) was down only marginally, while The Sandbox's (CRYPTO: SAND) price was moving sideways. On the gainer side, VeChain (CRYPTO: VET) was up by 3.5%, and Litecoin (CRYPTO: LTC) posted a 0.5% gain.
Major geopolitical developments usually impact the financial markets to some degree, and cryptocurrency is no exception to this. After a scare that the ever-volatile Middle East dynamic would worsen with Iran's attack on Israel, as of late afternoon Monday, the situation seemed to be cooling off encouragingly.
Source Fool.com
