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Bears have seized the initiative on the first day of the week, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has fallen by almost 1% since yesterday.
The price of BTC might face a correction if the drop continues to the support of $36,343. In that case, bears can seize the initiative, which can lead to a more profound decrease to the $35,500-$36,000 area.
Bitcoin is trading at $36,784 at press time.
ETH/USD
Ethereum (ETH) is an exception to the rule, rising by 1.68%.
Unlike Bitcoin (BTC), the rate of Ethereum (ETH) has bounced off the level of $2,029. Until the price is above that mark, there is a chance to see a further upward move.
Ethereum is trading at $2,091 at press time.
XRP/USD
XRP has followed the drop of BTC, falling by 2.14%.
From the technical point of view, XRP is trading similarly to BTC. At the moment, traders should focus on the nearest level of $0.6283.
If the bar closes near it, one may expect a decline to the $0.60 range soon.
XRP is trading at $0.6477 at press time.
Vladislav Sopov
Gamza Khanzadaev
