Crypto markets experienced a decline on Monday as traders looked for new catalysts following the observance of President's Day in the US. Major cryptocurrencies such as Solana (SOL), XRP, bitcoin (BTC), and BNB Chain’s bnb saw losses, while Cardano’s ADA and ether (ETH) rose. Jupiter’s JUP suffered the most significant loss among midcap tokens due to its connections to the controversial LIBRA coin. The CoinDesk 20 (CD20), which tracks the largest tokens, fell. QCP Capital noted that price action seems to be more macro driven, with BTC remaining relatively unaffected by recent macro data. The crypto options market is waiting for concrete policy changes. BTC has been resilient, likely due to its appeal among institutional investors.



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