Bitcoin and Ethereum Consolidate, SOL Tests USDT Positions, SHIB Slides
Bitcoin price failed to gain momentum above USD 64,000 and corrected lower. BTC declined below USD 63,000 and is currently (04:46 UTC) consolidating near USD 62,700.
Besides, most major altcoins are showing mixed results. ETH traded to a new all-time high above USD 4,650 before it started a downside correction. XRP is placed above the USD 1.20 support zone. ADA is consolidating near the USD 2.05 level.
Total market capitalization
After a failed attempt above USD 64,000, bitcoin price started a downside correction. BTC corrected lower below the USD 63,500 and USD 63,000 levels. On the downside, an initial support is near the USD 62,500 level. The main support is now near the USD 62,000 level, below which the price might continue to move lower.
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