Bitcoin price failed to gain pace above the USD 58,000 resistance zone. As a result, BTC started a fresh decline and traded below USD 56,500. It is currently (04:31 UTC) back above this level but still showing bearish signs and it could accelerate below USD 56,000.
Besides, most major altcoins are attempting a recovery wave. ETH is back above USD 4,200, and it could rise towards USD 4,320. XRP must settle above USD 1.05 for a decent increase. ADA is down 7% and it broke the USD 1.70 support.
Total market capitalization
After another failed attempt to clear USD 58,500, bitcoin price started a fresh decline. BTC traded below the USD 57,500 and USD 57,000 support levels. On the downside, an initial support is near USD 56,000. The main support is
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