Bitcoin price failed to clear the USD 47,500 resistance zone and started a fresh decline. BTC traded below the USD 46,200 support zone. It is currently (04:17 UTC) consolidating near USD 46,500 and facing resistance near USD 47,000.
Similarly, most major altcoins are struggling to gain pace. ETH is facing resistance near the USD 3,850 level. XRP might attempt a fresh increase above USD 0.85. ADA is trading well above the USD 1.30 support zone.
Total market capitalization
After facing hurdles near USD 47,500, bitcoin price started a fresh decline. BTC traded below the USD 47,000 and USD 46,000 levels. However, the price remained well bid above the USD 45,500 level. It is now recovering and trading above USD 46,000. On the upside, an initial
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