Bitcoin and Ether See Further Lows Monday, As Crypto Gaming Tokens Extend Rally

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Bitcoin BTCUSD, -5.48% was trading near $ 55,920 on Monday afternoon, down 5.8% in the past 24 hours and down 10.6% in the past seven days, according to data from CoinDesk. Ether has fallen 6.7% in the past 24 hours, recently trading at around $ 4,061. It has recorded a 9.3% loss over the past seven days. The two largest cryptocurrencies have come under pressure since President Joe Biden enacted a $ 1,000 billion infrastructure bill on November 15, which contains a provision requiring digital asset brokers to register and report assets. Internal Revenue Service transactions from 2023. Blockchain Gaming and Metaverse-related tokens continue to rally after Facebook changed its name to Meta to show its resolve to create a Metaverse. Gala has risen about 2.1% in the past 24 hours to $ 0.4, contributing to a 302% gain over the past seven days, according to CoinMarketCap. The sandbox has risen 12.6% in the past 24 hours to $ 4.4, with a gain of 60% in the past seven days. Decentraland has risen 2.9% in the past 24 hours to $ 3.85, registering a gain of 21% in the past seven days.

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