Bitcoin’s price fell 5% to $ 41,400.
Ethereum fell 6%, falling below $ 2,750, XRP broke the $ 0.75 support.
Many altcoins are down more than 5%, while OKB and WAVES have extended their gains.
Bitcoin price failed to stay in the positive zone above USD 43,200 and traded below the USD 42,000 support. Currently (04:18 UTC) it is down nearly 5% and is showing bearish signs below USD 41,500.
Likewise, most of the major altcoins are in the red zone. ETH is down 6% and there has been a break below USD 2,750. XRP fell nearly 6% as ADA fell below the key USD 0.90 support zone.
The price of Bitcoin
After a bearish reaction, Bitcoin’s price failed to stay above the USD 43,200 and USD 42,500 support levels. BTC started a new decline and traded below the USD 42,000 support. It has tested the USD 41,000 zone and is now consolidating losses near USD 41,400. Immediate support is near the USD 41,050 level. The next key support is near the USD 40,000 level, below which the price could possibly gain bearish momentum.
On the upside, the price is facing resistance near the USD 42,000 level. The next key resistance is near the USD 42,550 level, above which the price could start a stronger rally.
The price of Ethereum
Ethereum price gained bearish momentum below the USD 2,880 support zone and is now approaching the USD 2,700 support zone. The next key support is near the USD 2,650 level, below which the price could drop to USD 2,500.
Bitcoin and Ethereum reduce earnings, Rally of OKB and WAVES
The price of ADA, BNB, SOL, DOGE and XRP
Cardano (ADA) traded below the USD 0.92 and USD 0.90 support levels. The price is showing bearish signals below USD 0.88. If the bears stay in action, the price could drop below USD 0.85.
Binance coin (BNB) is down 3% and there has been a clear move below the USD 400 support level. The price is now trading near the USD 388 support level. Further losses could send the price towards the USD 365 level.
Solana (SOL) fell 8% and there was a move below the USD 95 support. The price is now approaching USD 90. The next major support is near USD 85, below which the price could test the USD 80 level.
Dogecoin (DOGE) is trading below the USD 0.1265 support. If a close below USD 0.120 occurs, the price may also drop to USD 0.110. On the upside, bears may remain active near $ 0.130 and $ 0.132.
The price of XRP traded below the USD 0.75 support level. It is now holding the USD 0.72 support. If there is a break to the downside, the price could possibly drop to USD 0.70.
More altcoin markets today
Many altcoins are down more than 5%, including AVAX, DOT, SHIB, WBTC, CRO, UNI, FTT, ALGO, MANA, XLM, SAND and XMR. Meanwhile, OKB and WAVES extended their gains, increasing by around 10% and trading close to USD 20.
Overall, bitcoin price is moving lower towards the USD 40,000 support. If BTC fails to stay above USD 40,000, there is a risk of a bigger drop.