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A new week has started with a mainly bearish mood on the cryptocurrency market.
BTC/USD
The rate of Bitcoin (BTC) has fallen by 0.51% over the last 24 hours.
Today's slight drop has not affected the general technical position of BTC on the daily chart. In addition, the volume has declined, which means there are low chances for sharp moves soon. In this case, sideways trading between $41,000 and $42,000 is the more likely scenario for the next few days.
Bitcoin is trading at $42,054 at press time.
ETH/USD
Ethereum has lost more than BTC, going down by 0.62%.
Ethereum is trading similarly to BTC as neither bulls nor bears have seized the initiative yet. However, if sellers lose the $2,200 zone, the drop may lead to a test of the support level of $2,115 shortly.
Ethereum is trading at $2,258 at press time.
XRP/USD
XRP is not an exception to the rule, falling by 0.73% since yesterday.
The rate of XRP is trading near the interim level of $0.52. However, if it breaks out, the decline is likely to continue to $0.50 soon.
XRP is trading at $0.5250 at press time.
Yuri Molchan
Vladislav Sopov
Dan Burgin
Alex Dovbnya