BTC price experienced a sharp price fall and trades around the $18,500 support level. Further price decline could take it down to the $17,800 support level.
ETH price has gone down sharply and now sits around the $580 resistance level. If any loss happens, the price of ETH could go below the $550 resistance level.
There was a 6% decrease in XRP trading value, and it is currently below the 0.620 support. The altcoin finds it difficult to stay above the $0.600 level, and $0.588 and $0.588 looks imminent.
Major Updates
- Bitcoin price corrected and settled below 18,800 USD
- Ethereum is testing majors support at $580
- Xrp struggling to stay above 0.6 while Sushi gains 25%
The price of BCH decreased by over 8% and currently trades lower than $300. It is around the $285 support level, and any further drop could take it down to the $272, $270 support level.
Litecoin also went down from the $90 trading value to $84.50 support. Further fall could take it to the $82.20 support level.
There has been a decline of over 8% in some altcoins like HEDG, ETC, DASH, etc. Some altcoins like SUSHI, RUNE, AAVE, etc., also experienced a 5% increase in value. Holistically, the current trading value is in the bearish zone, and any decline below $18.5k and $18.2k could see BTC drop to $17.8k or $17.5k.
*Is the fall in the price of cryptocurrency expected, or you still await the all-time high this year? *
