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Bears have turned out to be more powerful than bulls at the beginning of the weekend, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has declined by almost 2% over the last day.
On the daily chart, the rate of BTC is more bearish than bullish. The price is far from important levels, which means any sharp moves are unlikely to happen soon.
Denys SerhiichukIf buyers want to seize the initiative, they need to return above the vital area of $100,000.
Bitcoin is trading at $96,497 at press time.
ETH/USD
Ethereum (ETH) has followed the drop of Bitcoin (BTC), going down by 1.98%.
From the technical point of view, the rate of ETH keeps trading sideways, accumulating energy for a further move. As neither side has seized the initiative yet, consolidation around the current prices is the more likely scenario.
Ethereum is trading at $2,733 at press time.
XRP/USD
XRP has lost the most value today, going down by 2.76%.
On the daily chart, there are no reversal signals yet. If the rate breaks the interim level of $2.50, the accumulated energy might be enough for a test of the $2.40 area shortly.
XRP is trading at $2.5873 at press time.
Dan Burgin
Vladislav Sopov