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.
The new week has started with ongoing bearish pressure, according to the CoinMarketCap ranking.
BTC/USD
The rate of Bitcoin (BTC) has decreased by 0.49% over the last 24 hours.
On the daily chart, the price keeps trading in a wide range, accumulating power for a further move. The low volume confirms that neither buyers nor sellers have seized the initiative. In this case, ongoing sideways trading in the area of $27,500-$28,500 is the more likely scenario for the following week.
Bitcoin is trading at $28,154 at press time.
ETH/USD
Ethereum (ETH) could not withstand the fall of Bitcoin (BTC), going down by 0.53%.
From the technical point of view, Ethereum (ETH) is trading similarly to Bitcoin (BTC) as the leading altcoin is not ready yet for a further move. If buyers want to get back in the game, they need to fix the rate near the resistance at $1,846. Only in that case can traders think about a breakout, followed by a blast to the $1,900 zone.
Ethereum is trading at $1,804 at press time.
XRP/USD
XRP is an exception to the rule, going up by 0.75%.
Even though the price has slightly increased since yesterday, XRP is still far away from key levels. A further rise is possible only if the rate gets back to the $0.55 zone and fixes above it.
XRP is trading at $0.5122 at press time.
Arman Shirinyan
Yuri Molchan
Vladislav Sopov
Dan Burgin