After sharp growth, most of the coins have entered the correction phase.
Top coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) keeps facing trouble, going down by 4% over the last 24 hours.
BTC/USD chart by TradingView
Despite the fall, Bitcoin (BTC) is located in the middle of the channel with neither bullish nor bearish signals. However, the $30,000 mark remains important in terms of a further possible rise. If buyers can return to this area and fix above it, the growth may continue to $31,000 by the end of the week.
Bitcoin is trading at $28,977 at press time.
ETH/USD
Ethereum (ETH) is the biggest loser from the list today with a drop of 6.53%.
ETH/USD chart by TradingView
Ethereum (ETH) is showing worse price performance than Bitcoin (BTC) as the rate keeps going down after a failed attempt to fix above $2,000. If buyers cannot seize the initiative, one can expect a sharp decline below $1,900 within the next few days.
Ethereum (ETH) is trading at $1,935 at press time.
XRP/USD
XRP is following Ehtereum (ETH) with a decline of 6.34%.
XRP/USD chart by TradingView
XRP has lost the $0.40 mark, which means that until the rate is below it, there are good chances to see a continued decrease. In this case, traders might see the test of the support level at $0.37 shortly.
XRP is trading at $0.3979 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
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