Bitcoin & Ethereum Looking for Direction, DOGE and SHIB Rally
Bitcoin price extended its downside correction below the USD 62,500 support zone. BTC tested the USD 60,000 zone and is now (04:25 UTC) back above the USD 62,000 level. A close above USD 63,000 is needed to start a fresh increase in the near term.
Besides, most major altcoins are consolidating losses. ETH spiked below USD 4,000, but downsides were limited and the price moved back above this level again. XRP is facing an uphill task near USD 1.12 and USD 1.15. ADA is trading in a range below the USD 2.20 resistance zone.
Total market capitalization
After a close below USD 63,000, bitcoin price extended its downside correction. BTC traded below the USD 62,000 support zone. It even spiked below USD 60,000, but downsides were limited. The price is
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