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Bitcoin and Ethereum Plunge, MANA and SAND Rally
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Bitcoin price failed to clear the USD 61,200 resistance. As a result, BTC started a fresh decline below the USD 60,000 and USD 58,500 support levels. It is currently (04:17 UTC) down 6.7% and is trading near USD 56,000.
Similarly, most major altcoins are sliding. ETH is down 6.4% and traded below the USD 4,000 support. XRP is now near USD 1.00. ADA dropped 6%, moving below USD 1.80.
Total market capitalization
After a short-lived upside correction, bitcoin price failed to stay above USD 60,000. As a result, there was a bearish reaction below USD 60,000. BTC declined below the USD 58,500 support zone. It even traded below the USD 56,500 support. On the downside, an initial support is near the USD 55,500 level. The next key support is near the
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