A new week has stared bearish for the majority of the coins, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has dropped by 3.56% over the last 24 hours.
On the daily chart, the price of BTC is near the important level of $90,866. If it breaks out, the accumulated energy might be enough for a move to the $88,000 area shortly.
Bitcoin is trading at $91,572 at press time.
ETH/USD
Ethereum (ETH) has followed the drop of BTC, going down by 5.88% since yesterday.
On the daily chart, one should focus on the bar’s closure in terms of the $3,028 level.
If it happens near or below it, the correction is likely to continue to the $2,900-$3,000 range soon.
Ethereum is trading at $3,084 at press time.
XRP/USD
XRP is not an exception to the rule, falling by 5.1%.
Despite today’s decline, the rate of XRP is far from the support and resistance levels. However, if today’s bar closes near its low, traders may witness a furher downward move to the $2.20-$2.30 area.
XRP is trading at $2.392 at press time.
