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Bears have seized the initiative at the beginning of the week, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has decreased by 1.28% since yesterday.
On the daily time frame, the rate of BTC is going down after a failed attempt to fix above the $70,000 zone. If the daily candle fixes below yesterday's low, the correction may continue to the $66,000 mark by the end of the week.
Bitcoin is trading at $68,048 at press time.
ETH/USD
Ethereum (ETH) is following the drop of Bitcoin (BTC), going down by 1.61%.
The price of ETH is looking more bullish than BTC. At the moment, one should pay attention to the newarest resistance level of $3,993. If it breaks out, the rise may lead to the test of the $4,000-$4,100 zone. Such a scenario is relevant until the end of the current month.
Ethereum is trading at $3,880 at press time.
XRP/USD
XRP is not an exception to the rule, declining by 0.85%.
Despite today's growth, the rate of XRP is far from the main levels, which means none of the sides has seized the initiative yet. In this case, traders may expect ongoing sideways trading in the area of $0.53-$0.55 within the next few days.
XRP is trading at $0.53 at press time.
Alex Dovbnya
Arman Shirinyan
Dan Burgin