Bitcoin and Ethereum Correct Lower, Altcoins Edge Higher – Cryptonews


Bitcoin price started a downside correction below the USD 46,000 support level. BTC even failed to stay above USD 45,000. It is currently (05:00 UTC) down around 4% and it might continue to move lower towards the USD 43,200 support zone.

Similarly, ethereum struggled to stay above USD 1,800 and corrected towards USD 1,700. Besides, a few major altcoins are still showing signs of more upsides. XRP/USD is up 5% and it is trading above the USD 0.500 resistance.

Total market capitalization

Bitcoin and Ethereum Correct Lower, Altcoins Edge Higher 101

Bitcoin price

After a close below USD 46,000, bitcoin price extended its decline below the USD 45,000 support level. BTC even spiked below USD 44,000 and tested USD 43,750. It is now consolidating above USD 44,400 and it might attempt a fresh increase. To move into a positive zone, the price must settle above USD 46,000.
If not, there is a risk of more downsides below the USD 44,000 level. The next key support is near USD 43,200, below which the price could revisit the USD 42,000 level.

Ethereum price

Ethereum price failed to stay above USD 1,800 after it traded to a new all-time high at USD 1,840. There was a drop below the USD 1,750 support and ETH even spiked below USD 1,700. It is consolidating above USD 1,700, below