Shares of several popular altcoins, including Shiba Inu SHIB/USD , are trading lower Monday evening in sympathy with apex cryptocurrency Bitcoin BTC/USD and second-largest market cap crypto,Ethereum ETH/USD .
Stocks, Crypto Volatile Monday
The broader cryptocurrency sector fell suddenly duringMonday's U.S.after-hourstrading, despite a lack of crypto-specific news. The drop could be amid overall market volatility, as major indices were volatile aheadof Monday'sclose as the market awaits this week's midterm election results. Investors are also anticipatingupcoming CPI data.
At the time of publication and per simulations of the election by FiveThirtyEight,simulated 40,000 timesto see which party wins the Senate most often, Republicans have a 55% chance of taking control of the U.S. Senate and an 83% chance of taking control of the U.S. House.
According to data from Benzinga Pro,Shiba Inu is trading lower by 3.21% to $0.00001160.
