Bitcoin Steadies Near $54K After Biggest Drop in a Month
The drop below $55,000 comes at a time when cryptocurrency fund inflows have been on the decline.
Multi-asset brokerage eToro announced support for the cryptocurrency Monday.
The bellwether cryptocurrency was changing hands around $52,150, with hourly buyer volume at the highest since April 23.
Coinbase also announced it would be listing DOGE in six to eight weeks.
"While the shock may be sustained in stock markets, the nature of cryptocurrency will see straight through this dip," Landsberg-Sadie told CoinDesk.
Bitcoin's price fell about $4,300 in the last 24 hours.