Bitcoin price attempted a clear upside break above the USD 48,500 zone. However, BTC failed to gain pace for a move above the USD 48,500 and started a fresh decline. It is currently (04:24 UTC) consolidating near USD 47,000 and there is a risk of a fresh decline towards USD 46,200.
Similarly, most major altcoins are consolidating losses. ETH is recovering and it might soon test the USD 3,850 resistance. XRP could attempt a fresh increase above USD 0.850. ADA is consolidating near the USD 1.35 zone.
Total market capitalization
After a rejection near USD 48,500, bitcoin price started a fresh decline. BTC dropped below the USD 47,500 and USD 47,000 levels. However, the bulls remained active near the USD 46,000 zone. It is now recovering and
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