Investing.com - Cryptocurrencies were flat on Monday, with Bitcoin maintaining a four-day range of $6,450.
Bitcoin inched down 0.70% to $6,470.70 on the Bitfinex exchange, as of 8:38 AM ET (12:38 GMT).
Cryptocurrencies overall were slightly higher with the coin market cap of total market capitalization at $201 billion at the time of writing compared to $199 billion on Friday.
Ethereum,or Ether, the second-biggest alternative currency by market cap, fell 0.72% to $218.30. XRP, the third-largest virtual currency, was down 0.09% to $0.27971 and Litecoin was at $55.934, down 1.58%.
In other news, platform exchange Coinbase is planning to hire 130 employees in its New York office by the end of next year, bringing the total staff to 150. The move is part of the companies plan to target institutional investors, Adam White, general manager of Coinbase, said.
“When we saw the market begin to correct, which we all expected, institutions didn’t lose interest. It was exactly the opposite. They look at it as an opportunity to enter when things are not too frothy,” he said.
Meanwhile, a U.S. Pennsylvania district court dismissed a case against the defunct Mt. Gox digital currency exchange and Mizuho bank of Japan on lack of jurisdiction. The court granted a motion of Mizuho to dissmiss the case filed against them by Gregory Pearce, who was one of 24,000 users who lost money.
The platform collapsed in 2014, following the theft of nearly 70% of Bitcoin holdings from hackers. The cyber attack resulted in a loss of 850,000 Bitcoin and is one of the most significant attacks to date.