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Bitcoin slips below $27,000; Ethereum holds $1,850; XRP & Solana gain 2%

After a brief recovery, Bitcoin and other crypto tokens continued to remain under pressure on Monday. Market analysts are looking for US FOMC minutes of the meeting later this month amid the US regulatory and debt challenges. Bitcoin was weaker on Monday as the largest crypto token shed another per cent, falling below the $27,000 mark during the early day. Its largest peer, Ethereum, dropped more than a percent but remained above $1,850 levels. A majority of altcoins were down, falling in tandem. During the weekend, BTC surpassed the $27,000 mark following a positive job report from the US, which showed an addition of 339,000 jobs in May, surpassing expectations, said Edul Patel, Co-founder and CEO at Mudrex.

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