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The market keeps facing a correction, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has dropped by 1.17% since yesterday.
On the daily chart, the price of BTC is trading near the support level of $40,228. If a bounce back does not happen, there is a high chance of seeing a breakout, followed by a further decline to the $39,000-$40,000 area.
Bitcoin is trading at $41,407 at press time.
ETH/USD
Ethereum (ETH) has followed Bitcoin (BTC), going down by 2.40% over the last day.
From the tecnical point of view, Ethereum (ETH) is trading similarly to BTC as its rate has also touched the support level. If the candle closes near $2,136, the accumulated energy might be enough for a drop to the $2,000 zone.
Ethereum is trading at $2,153 at press time.
XRP/USD
XRP is the biggest loser from the list, falling by 3.59%.
On the daily time frame, the price of XRP has once again approched the support level of $0.5860. If the bar closes near it, traders may expect a dump to the $0.55-$0.58 area soon.
XRP is trading at $0.5939 at press time.
Dan Burgin
Alex Dovbnya