- Bitcoin fell below $ 41,000 before recovering.
- Ethereum plunged towards $ 3,130, XRP broke the $ 0.75 level.
- ATOM and MANA increased about 12%.
Bitcoin price remained in a bearish zone below the $ 45,000 level. BTC even dipped below $ 40,700 and is currently (04:59 UTC) trying to rally above $ 41,200.
Similarly, most of the major altcoins increased their losses this week. ETH fell to $ 3,130 before moving back to $ 3,180. XRP broke the $ 0.75 level but is trying to rally now, while ADA rose again above $ 1.20.
Total market capitalization
Bitcoin price
After a big drop, the bitcoin price found support near the $ 40,600 level. On the upside, an initial hurdle is near the $ 42,500 level. The first major resistance is near $ 44,000, above which the price could rally to the $ 45,000 level.
If it doesn’t rally above $ 42,500, it could lead to a steeper decline in the coming sessions.
Ethereum Price
Ethereum price tested the $ 3,130 level, where the bulls took a position. However, ETH is struggling to start a decent recovery wave above $ 3,300. The next key hurdle is near $ 3,450, above which the price could rally to $ 3.7550.
If it does not rally above $ 3,300, there is a risk that it will move towards $ 3,000.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) spiked below the $ 1.20 level. It tested $ 1.18 and started a decent recovery wave. The bulls pushed the price above $ 1.20, but the price could struggle to continue above $ 1.28.
Binance coin (BNB) broke the $ 450 support level and is now trading near $ 447. It is stuck in a range, with immediate resistance near the $ 470 level. The next major resistance is near the $ 480 level. .
Solana (SOL) was unable to stay above the $ 150 support level. The bears even pushed the price towards $ 140. It is now consolidating and there is a risk of further declines towards $ 132.
DOGE broke the $ 0.150 support level before turning back. If there is a stronger recovery wave, the bears could remain active near $ 0.162. The next major resistance is near the $ 0.165 level. Conversely, the price could fall towards the $ 0.142 level.
XRP price spiked below $ 0.75 before there was a small upward correction. The price is now facing resistance near the $ 0.78 level. The next major resistance is near the $ 0.80 level.
Another altcoin market today
Some altcoins are up more than 8%, including MANA, ONE, QNT, ATOM, and OSMO. Of these, MANA rallied 12% and surpassed the USD 3.20 level, while ATOM reached USD 41, also increasing 12%.
Overall, the bitcoin price is struggling below the $ 42,000 level. If BTC does not recover above $ 42,500, there is a risk of further short-term losses.
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(Updated at 05:40 UTC with a video).