Bitcoin and Ethereum Struggle to Recover, Altcoins in Red

Bitcoin and Ethereum Struggle to Recover, Altcoins in Red

 

  • Bitcoin price failed to stay above the USD 40,000 support.
  • Ethereum is down over 5%, XRP might revisit the USD 0.705 support.
  • AVAX, DOT, and DOGE are down at least 5%.

Bitcoin price declined over 7% in a day and there was a clear move below the USD 40,000 support. It is currently (11:55 UTC) trading below USD 39,500 and there is a risk of more downsides.

Similarly, most major altcoins are gaining bearish momentum. ETH declined below…


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