Disclaimer: The opinions expressed by our writers are their own and do not represent the opinions of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
The new week started bearish for the majority of currencies, according to CoinMarketCap.
Bitcoin/US Dollar
The price of Bitcoin (BTC) has fallen by 3.56% in the past 24 hours.
On the daily chart, BTC price is approaching the important level of $90,866. If it breaks out, the accumulated energy could be enough to move to the $88,000 area soon.
Bitcoin is trading at $91,572 at press time.
ETH/USD
Ethereum (ETH) has followed BTC's decline, falling 5.88% since yesterday.
On the daily chart, the focus should be on the bar closing in terms of the $3028 level.
Related to
If it occurs near or below it, the correction to the $2,900-$3,000 range is likely to continue soon.
Ethereum is trading at $3,084 at press time.
Ripple/USD
XRP is no exception to the rule, falling by 5.1%.
Despite today's decline, XRP price is far from support and resistance levels. However, if today's bar closes near its low, traders may see further downward movement to the $2.20-2.30 area.
XRP is trading at $2,392 at press time.
Source link