© Reuters. Bitcoin lower in rangebound trade, Litecoin hits record high© Reuters. Bitcoin lower in rangebound trade, Litecoin hits record high

Investing.com – The price of the digital currency bitcoin pared back early losses on Monday but struggled to make headway in rangebound trade.

On the U.S.-based Bitfinex exchange, touched a low of $4,175.7 and was at $4,319.00 by 08:10 AM ET (12:10 GMT) having opened at $4,330.7.

Since setting an all-time high of $4,489.1 on Aug.17, prices dropped back below the $4,000 level before regaining ground.

The pullback has prompted speculation that bitcoin’s rally – which saw the digital asset quadruple in value this year – might be reaching its peak.

At current prices bitcoin has a market cap of about $71 billion. The collective market cap for the crypto asset class is around $156 billion, hovering near all-time highs.

Meanwhile, the price of the new bitcoin offshoot, was lower. It touched a low of $592.00 and was last at $600.10, having opened at $623.00.

It rose to a high of $935.50 on August 19, the strongest level since the split or so-called ‘hard fork’ on August 1 when the blockchain supporting bitcoin split into two, creating bitcoin cash.

At current prices, bitcoin cash has a total market capitalization of around $10 billion, making it the third most valuable cryptocurrency.

Elsewhere in cryptocurrency trading, , the second biggest cryptocurrency by market cap after bitcoin, was up 0.35% to $341.19.

Meanwhile, hit a record high of $64.48 and was last at $63.20.

To stay on top of the latest moves in the crypto-space, be sure to check out: https://www.investing.com/crypto/

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