- The price of Bitcoin drops below 40,000 USD.
- Ethereum struggles near $3,000, XRP fell below $0.75.
- DCR gained more than 30% and moved above USD 70.
Bitcoin price remained in a range below the $41,200 resistance zone. BTC is currently (04:27 UTC) declining and trading below USD 39,500. If the bears stay in action, the price could drop to $39,000. It is now down almost 3% in one day and 7% in one week.
Likewise, most major altcoins are also falling. ETH fell below USD 2,950 and is now down almost 4% in a day and 8% in a week. XRP is struggling to stay above the $0.720 support zone while ADA is testing the $0.90 support zone.
Total market capitalization
After another rejection over $40,800, bitcoin price started a fresh decline, broke below the $40,000 pivot level and broke above the $39,500 support level. The key weekly support is near USD 39,200, below which the price could gain bearish momentum.
An immediate resistance on the upside is near the USD 40,500 level. The main weekly resistance is now forming near the $41,200 level, above which the price may accelerate higher.
Ether price also struggled to breach the $3,120 pivot level and broke the support at $2,950, increasing the risks of building its bearish momentum.
If there is an upward correction, the price might face resistance near the $3,050 level. The next key resistance may be near the $3,120 level, above which the price may begin a stronger short-term rise.
ADA, BNB, SOL, DOGE and XRP prices
Gimbal (ADA) remained below the $0.98 resistance zone. The price is falling and testing the $0.92 support zone. ADA is down 5% in one day.
BNB failed to clear the $420 resistance zone and fell nearly 4% in one day. The price is now testing the key support at $400.
Solana (SOL) broke below the $100 pivot level. If there is a close below this level, the price could fall even further. The next major support is near the $92 level.
DOGE fell below the $0.142 support level. It is now trading below the $0.140 level. The next major support is seen near the $0.135 level, below which the price may decline to $0.132.
XRP Price moves lower below the $0.75 level and might test the $0.72 support zone. XRP is now down more than 5% in one day.
Market of other altcoins today
Many altcoins are in the red zone, including LUNA, AVAX, DOT, SHIB, MATIC, LINK, FIL, WAVES, EOS, UNI, BCH, ETC, XLM, and ICP. Of these, WAVES and FIL are down around 9%. Meanwhile, DCR is the top performer among the top 100 cryptoassets by market capitalization today. It jumped 31% in one day and topped $74, taking its weekly gains to 27%.
Overall, bitcoin price is still struggling to clear the $41,200 and $41,500 resistance levels. If BTC slips below USD 39,200, there could be a sharper bearish reaction.