Bitcoin price started a strong decline below USD 41,200. BTC settled below USD 40,000 to move into a bearish zone. It is currently (11:59 UTC) consolidating losses near USD 39,900 and remains at a risk of more downsides below USD 38,500.
Similarly, most major altcoins are down over 6%. ETH settled below the key USD 3,000 support zone. XRP traded below the USD 0.70 support zone. ADA is down 11% and trading below the USD 1.25 level.
Total market capitalization…
Read More: Bitcoin and Ethereum Struggle to Recover, Altcoins Drop in Double Digits