Verbal Intervention from US Treasury Whacks CD Crypto Indices

The CryptoDaily 21 Leaders Cryptocurrency Index weakened to 40.18 on Monday from 40.49 on Sunday, a 0.76% decline. The 21 Leaders Index is off 21.90% over the past 7 days and is down 13.85% over the past 30 days.  Zcash (ZEC) led the decliners with a 4.7% depreciation to a market capitalisation of US$ 562.58 million as traders reacted to comments from US Treasury Secretary Mnuchin suggesting stronger compliance regulations are in store, a new setback for privacy coins. NEO (NEO) weakened 4.1% to a market capitalisation of US$ 870.56 million and Chainlink (LINK) dropped 4.0%. Cosmos (ATOM) led advancers with an 11.0% climb to a market capitalisation of US$ 789.96 million.

The CryptoDaily Mid-Cap Cryptocurrency Index spiraled lower to 35.85 on Monday from 37.35 on Sunday, a 4.01% pullback.  The Mid-Cap Index is off 23.51% over the past 7 days and is off 28.83% over the past 30 days. Ren (REN) depreciated 12.4% to a market capitalisation of US$ 58.51 million as traders sold REN below BTC 0.00000750.  Enjin Coin (ENJ) weakened 9.7% to a market capitalisation of US$ 79.1 million while Steem (STEEM) came off 8.4% and traded below BTC 0.0000239. GXChain (GXC) expanded +4.0% as it traded above BTC 0.0001375.