Bitcoin price is currently (04:25 UTC) trading well below USD 64,000 and there could be more downsides in the short-term.
Besides, most major altcoins are also trimming gains. ETH traded below the USD 4,320 and USD 4,250 support levels. XRP is still struggling to clear the USD 1.15 resistance zone. ADA tested USD 2.30 before correcting lower.
Total market capitalization
After setting a new all-time high earlier this week, bitcoin price started a downside correction below USD 66,000. BTC traded below the USD 65,000 and USD 64,200 support levels. It tested USD 62,000 and it is now consolidating losses. On the downside, an initial support is near USD 62,500. The first major support is near USD 62,000, below which the price could test the USD
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