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The new week has started bearishly for the majority of the coins, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has dropped by 1.21% over the last day.
On the daily chart, the price of BTC is more bearish than bullish as it is still not far from the support level. If the situation does not change shortly, there is a chance to see a drop to $41,000 by the end of the week.
Bitcoin is trading at $42,405 at press time.
ETH/USD
Ethereum (ETH) has followed the drop of BTC, going down by 1.1%.
From the technical point of view, Ethereum (ETH) is trading similarly to BTC. In this case, a test of the $2,447 level is likely to happen soon. In addition, the volume is falling, which means that buyers are not willing to buy at current prices.
Ethereum is trading at $2,513 at press time.
XRP/USD
XRP is falling the least from the list today, declining by 0.75%.
On the daily time frame, traders should pay attention to the bar's closure in terms of yesterday's low. If it happens below $0.57158, the correction is likely to continue to the $0.56 range.
XRP is trading at $0.5715 at press time.
Yuri Molchan
Tomiwabold Olajide
