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The corrrection continues on the cryptocurrency market, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has declined by 1.25% over the past day.
On the daily chart, the price of BTC has bounced off the $62,000 zone. At the moment, one should pay attention to the candle's closure.
Denys SerhiichukIf it happens far from that mark, traders may expect local growth to the $63,500-$64,000 area soon.
Bitcoin is trading at $62,797 at press time.
ETH/USD
Ethereum (ETH) is the biggest loser today, going down by 4.42%.
The rate of the main altcoin is going down after yesterday's bearish closure. If the bar closes around current prices, the drop may lead to a test of the $3,000-$3,100 zone within the next few days.
Ethereum is trading at $3,172 at press time.
XRP/USD
XRP is not an exception to the rule, declining by 1.55%.
From the technical point of view, the rate of XRP has bounced off the crucial zone of $0.50. This area is vital for bulls as, if they lose it, one can expect a continued drop to $0.48 soon.
XRP is trading at $0.5137 at press time.
Gamza Khanzadaev
Alex Dovbnya
Dan Burgin
Vladislav Sopov