Tanya Abrosimova
Independent Analyst
- The market has started to recover from oversold levels.
- The overall trend is still bearish as the recovery may be limited.
Bitcoin and major altcoins have recovered from the recent lows amid technical correction from deeply oversold levels. The total capitalization of all digital assets in circulation settled at $179 billion, while an average daily trading volume spiked to $93 billion.
Top-3 coins: technical picture
BTC/USD is changing hands at $6,659, off the intraday low of $6,435. The first digital coin is still down nearly 3% on a day-to-day basis. From the technical point of view, Bitcoin has returned inside the Bollinger Band on 1-hour chart with further recovery limited by $6,700.
ETH/USD regained the ground above $123.00 after collapsing to $166.40 earlier on Wednesday. The second-largest coin is shadowing Bitcoin moves with the initial resistance created by $125.00 (the upper line of 1-hour Bollinger Band). An upward-looking RSI (Relative Strength Index) implies that the short-term recovery may be extended.
XRP/USD hit bottom at $0.1752 before recovering to $0.1823 by press time. The coin has lost over 7% in recent 24 hours amid strong bearish pressure. Despite the recovery, the coin is moving within a steep downside trend.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Who is Satoshi? Crypto lawyer sues DHS to reveal Satoshi Nakamoto's identity
Crypto attorney James Murphy, popularly known as "MetalLawMan", files a lawsuit against DHS to reveal Satoshi Nakamoto's identity. The lawsuit is based on Special Agent Rana Saoud's 2019 claim that the DHS had uncovered the creator of Bitcoin.
Binance to delist BADGER, BAL, 12 more tokens on April 16
Binance will delist 14 tokens on April 16 following a successful vote and standard delisting processes. TROY, SNT, and UFT top Binance’s first batch of the vote to delist results. Binance token delisting will impact futures, margin, loan and simple earn services.
Bitcoin Price Forecast: MicroStrategy’s SEC form 8-K filing hints at possible Bitcoin sales to meet financial obligations
Bitcoin price stabilizes around $80,000 on Tuesday after reaching a new year-to-date low of $74,508 the previous day. MicroStrategy’s SEC Form 8-K filing reports a loss of $5.91 billion, hinting at possible BTC sales to meet financial obligations.
Top 3 gainers Fartcoin, Hyperliquid and Telcoin: Asian session sparks tariff relief rally in meme coins and DeFi
The cryptocurrency market is experiencing a tariff relief rally, with altcoins like Fartcoin, Hyperliquid (HYPE) and Telcoin (TEL) bouncing back with double-digit gains. Fartcoin has jumped 28% in the past 24 hours, reaching $0.5801.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.