Cryptocurrency and stocks dipped as the focus turned to the release of the U.S. Federal Reserve's January meeting minutes later today.
Bitcoin was trading at $23,700 by 11.20 a.m. EST, down 3.8% over the past day, according to TradingView data. Levels above $24,000 have been challenging to maintain. Bitcoin slipped below $24,000 at the tail end of last week before regaining the level Friday.
Ether was trading around $1,600, having slipped 3.7%. Binance's BNB fell 2.7%, Cardano's ADA dipped 3.6%, and Solana's SOL was down 6.5%.
Memecoins fell in tandem with altcoins. Dogecoin and shiba inu dropped by 3.2% and 4.3%, respectively.
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