Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The market has started with the dump of most of the coins, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has fallen by 4.21% over the last 24 hours.
On the daily chart, one should pay attention the daily bar's closure.
Denys SerhiichukIf it happens around current prices, sideways trading in the area of $92,000-$96,000 is the more likely scenario by the end of the week.
Bitcoin is trading at $95,234 at press time.
ETH/USD
Ethereum (ETH) is one of the biggest losers today, falling by 17.32%.
From the technical point of view, the rate of ETH has made a false breakout of the two levels. As most of the ATR has been passed, sideways trading around the current prices is the more likely scenario over the next few days.
Ethereum is trading at $2,630 at press time.
XRP/USD
XRP is not an exception to the rule, going down by 17.84%.
On the daily chart, one should focus on the bar's closure in terms of the $1.9669 level. If it happens far from it, one can witness a local bounce back to the $2.50 area.
XRP is trading at $2.4213 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Vladislav Sopov
Godfrey Benjamin
Dan Burgin