Crypto Price Today: Ethereum holds $1,600; Shiba Inu surged

Ethereum edged slightly lower to hold above $ 1,600-mark. Price action in the altcoins remained on the positive note but the gains were capped. Bitcoin is currently trading close to the $26,000 mark. Over the weekend, it experienced a temporary drop, reaching the $25,700 range before swiftly rebounding. Barring a few exceptions, all top crypto tokens were trading slightly higher on Monday but the gains were capped. Toncoin and XRP gained 2 per cent each, while Cardano, Polygon, Solana and BNB rose about a per cent each. Shiba Inu dropped more than a percent during the early day. The global cryptocurrency market cap was trading slightly higher, rising to $1.05 trillion-mark.

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