Mantle Crypto Defies Bitcoin’s Decline with 14% Increase

Crypto News – With Ether and a few other ecosystem tokens driving increases on the strength of the relatively new Ether ETF narrative, Bitcoin prices barely moved, continuing a trend of minimal weekend volatility.

Mantle Crypto Defies Bitcoin’s Decline with 14% Increase

As Ether recovered the $3,100 threshold, Bitcoin remained stable at $51,500 throughout Monday’s Asian early hours. Over the last 24 hours, BNB Chain’s BNB was up 1.5%, while XRP, Cardano’s ADA, and Avalanche’s AVAX were all down 2%.

The price of bitcoin has fallen below $51K, which is near the bottom of the consolidation range of the last eight days. Without a bounce from here, we could see a deeper correction begin, potentially as low as $47-49K.

Alex Kuptsikevich, FxPro senior market analyst

The layer-2 Ethereum platform Mantle‘s (MNT) tokens surged 30% higher, reaching a lifetime high of 93 cents. The price increases were triggered by mantleETH (mETH), a staked version of Ether, surpassing the $1.5 billion value-locked level last week, though there was no immediate cause for them.