Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bears have continued their pressure as all of the coins from the top 10 list remain in the red zone.
Despite the fall, Bitcoin (BTC) looks stronger than altcoins with a decline of 4.22%.
Bitcoin (BTC) has continued the fall after yesterday's bearish candle against the increasing volume. Thus, the price is below the vital $21,000 mark, meaning bears might have seized the initiative.
The most likely scenario is a test of the $20,000-$20,500 zone soon.
Bitcoin is trading at $20,800 at press time.
Binance Coin (BNB) has followed the drop of Bitcoin (BTC), going down by 5% over the last 24 hours.
On the daily chart, Binance Coin (BNB) has also broken its important level at $245.2 and is currently trading below it. If buyers cannot return the price to the previous local peaks, one can expect a further downtrend to $220 shortly.
BNB is trading at $241.3 at press time.
Cardano (ADA) is the biggest loser from the list, falling by 7%.
Cardano (ADA) is looking worse than other coins as the altcoin keeps going down after the false breakout of the $0.50 zone. If buyers lose the $0.45 mark, there is a high possibility to see a decline to the support level at $0.3974.
ADA is trading at $0.4518 at press time.