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The market keeps facing a correction, according to CoinMarketCap.
BTC/USD
The price of Bitcoin (BTC) has declined by 0.14% since yesterday.
Despite today's drop, the rate of BTC keeps trading sideways, gaining energy for a further move. However, if buyers lose the $69,000 zone, one can expect a dump to the $67,000-$68,000 range soon.
Bitcoin is trading at $69,458 at press time.
ETH/USD
Ethereum (ETH) has followed the drop of BTC, going down by 0.67%.
On the daily chart, the price of ETH is rather more bearish than bullish as it is closer to the support than to the resistance. At the moment, one should pay attention to the $3,600 level.
Denys SerhiichukIf its breakout happens and the candle fixes below it, the correction may continue to the $3,500 mark.
Ethereum is trading at $3,679 at press time.
XRP/USD
Meanwhile, XRP is the exception to the rule, rising by 0.52%.
Despite today's slight rise, the rate of XRP has not accumulated enough strength for a continued upward move. This statement is confirmed by falling volume. In this regard, ongoing sideways trading in the zone of $0.49-$0.51 is the more likely scenario for the current week.
XRP is trading at $0.4997 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin