Bitcoin Below USD 60K, Ethereum and Major Altcoins Drop Against BTC
Bitcoin price continued its decline below the USD 62,000 support and broke the USD 60,000 support to enter a bearish zone. It is currently (04:20 UTC) showing bearish signs.
Besides, most major altcoins are also showing bearish signs and dropping against BTC. BTC is down by almost 3% in a day, while other coins in the top 10 corrected 4%-6%. ETH declined below USD 4,350 and USD 4,250. XRP retested USD 1.05 while ADA tested the main USD 1.75 support zone.
Total market capitalization
In the past three sessions, bitcoin price gained bearish momentum below USD 63,500. BTC broke the USD 62,000 support and even dived below USD 60,000. It stayed above USD 58,500, but the bulls are struggling to start a recovery. On the downside, an initial support is
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