Bitcoin price failed to clear the USD 48,500 resistance zone and started a fresh decline. BTC traded below the USD 47,000 support zone. It is currently (04:34 UTC) trading near USD 46,400 and remains at a risk of a larger decline.
Similarly, most major altcoins are moving lower. ETH declined below USD 3,800, but the bulls are protecting USD 3,680. XRP is moving lower towards the USD 0.800 support. ADA retested the USD 1.30 support zone.
Total market capitalization
After another failure near USD 48,000, bitcoin price started a fresh decline. BTC traded below the USD 47,500 and USD 47,000 levels. The price is now consolidating near the USD 46,000 level. An immediate support is near the USD 46,000 level. The key support is near USD 45,500, below
Read more on cryptonews.com