altcoins, market, ada, bnb, xrp, btc, eth, sol, doge

  • Bitcoin price started a downside correction below USD 43,400.
  • Ethereum retested USD 3,200, XRP is testing the USD 0.75 support.
  • DOGE is up 10% and broke the USD 0.188 level.

Bitcoin price started a downside correction from USD 44,000. BTC traded below the USD 43,200 and USD 43,000 support levels. It is currently (11:30 UTC) trading below USD 42,500 and there is a risk of further downsides.

Similarly, most major altcoins are extending losses. ETH traded below the USD 3,250 support level and tested USD 3,200. XRP is consolidating near the USD 0.750 zone. ADA is down 4% and traded below the USD 1.250 support zone.

Total market capitalization

altcoins, market, ada, bnb, xrp, btc, eth, sol, doge

Source: tradingview.com

Bitcoin price

After a downside break below USD 43,000, bitcoin price struggled to start a fresh increase. BTC extended decline below the USD 42,500 support. It even traded below USD 42,000 and might revisit the USD 41,500 support. The next key support is near USD 41,200, below which the price could decline towards the USD 40,500 level.

On the upside, an immediate resistance is near the USD 42,500 level. The next major resistance is near USD 43,000, above which the price might start a fresh increase in the near term.

Ethereum price

Ethereum price traded below the USD 3,250 support level. ETH is now consolidating near the USD 3,200 level. If the bears remain in action, the price might test USD 3,150. The next major support is near USD 3,100, below which the price might test USD 3,000.

On the upside, an immediate resistance is near USD 3,250. The next key resistance is near USD 3,300, above which the price might rise to USD 3,380.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) extended decline below the USD 1.265 support. It is down 4% and there was a break below the USD 1.25 support. If there are more losses, the price might test USD 1.22. On the upside, the USD 1.265 is a key hurdle.

Binance Coin (BNB) spiked above the USD 488 resistance, but it faced sellers near USD 490. The price is now correcting lower and trading below USD 475. The next major support is near USD 465, below which the price could test USD 450.

Solana (SOL) is down 5% and trading below the USD 145 level. An immediate support is near the USD 140 level. The main support is near USD 132, below which the price may perhaps revisit USD 120.

DOGE rallied 10% and there was a move above the USD 0.180 level. The next major resistance is near the USD 0.192 level, above which the price could rise towards the USD 0.200 level.

XRP price is struggling to stay above the USD 0.75 support. If there is a downside break, the price might decline towards the USD 0.732 level. Any more downsides might lead the price to USD 0.72.

Other altcoins market today

Many altcoins are up down over 4%, including LUNA, AVAX, SHIB, MATIC, CRO, LINK, UNI, and ALGO. Out of these, ATOM is gaining pace below the USD 38 support zone.

To sum up, the bitcoin price is accelerating lower below USD 42,500. If BTC settles below USD 42,000, there is a risk of more downsides in the near term.

_____ 

Find the best price to buy/sell cryptocurrency:

altcoins, market, ada, bnb, xrp, btc, eth, sol, doge

TECH NEWS RELATED

South Korean Crypto Exchanges Face AML Probes as Regulators Test Compliance

Source: Adobe/Photographee.eu South Korean regulators are set to probe the nation’s four biggest crypto exchanges to test their anti-money laundering (AML) capabilities. The exchanges – Korbit, Upbit, Coinone, and Bithumb – are the only trading platforms that operate fiat KRW markets and received their operating permits from the Financial ...

View more: South Korean Crypto Exchanges Face AML Probes as Regulators Test Compliance

Parrots Fight Club: a Play-to-earn Game Featuring Parrots Available in NFT

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists. 2021 was undoubtedly the year of the NFT breakthrough as the acronym for non-fungible tokens became the word of the year, according to Collins Dictionary. This craze certainly contributed to the rise of blockchain-based games, ...

View more: Parrots Fight Club: a Play-to-earn Game Featuring Parrots Available in NFT

Altcoins Are Encroaching On Bitcoin’s Dominance On Digital Payments

Bitcoin has dominated the digital payments space for the longest time and continues to do so. However, this dominance is on the decline as more altcoins are being chosen as the preferred digital currencies for payments. This has mainly been due to cheaper fees resulting from network congestion when ...

View more: Altcoins Are Encroaching On Bitcoin’s Dominance On Digital Payments

Cardano Hits Bottom? What You Should Consider Before Rushing Into ADA

Cardano managed to enter the top 5 cryptocurrencies by market cap and take the number 4 position, not including USDT. The cryptocurrency has seen important appreciation in 24 hours (5%) and during the past week (25%) following an explosion in its ecosystem. As of press time, ADA trades at ...

View more: Cardano Hits Bottom? What You Should Consider Before Rushing Into ADA

Fidelity Says What We’ve Been Thinking: Countries & Central Banks Will Buy BTC

Surprising the world, Fidelity predicts what Bitcoin’s game theory implies. It’s as Satoshi Nakamoto said, “It might make sense just to get some in case it catches on.” That’s the exact same conclusion that Fidelity reaches in its “Research Round-Up: 2021 Trends And Their Potential Future Impact” report. Take ...

View more: Fidelity Says What We’ve Been Thinking: Countries & Central Banks Will Buy BTC

Blockchain Courts and Cats That Look Like Dogs: How DAOs Wrestle With the Law

The 2018 "case of the 50 ETH doge" was just the beginning. Now DAOs are trying to decentralize legal disputes—but it isn't so easy to cut out humans.

View more: Blockchain Courts and Cats That Look Like Dogs: How DAOs Wrestle With the Law

BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Bitcoin’s (BTC) volatility has been shrinking in the previous handful of days. The regular deviation of everyday Bitcoin returns for the final 30 and 60 days as calculated by the Bitcoin Volatility Index is at two.63%, the least volatile it has been given that November 2020. Generally, tight ranges are ...

View more: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Expat Salvadorans ‘Clash’ in LA Park over Bukele, Bitcoin

Source: Soudi Jiménez / Twitter Salvadorans in Los Angeles, USA, gathered in a public park on Saturday to vent their disdain for President Nayib Bukele and his bitcoin (BTC) adoption policies – while rival groups convened to voice their support for the crypto-keen leader. ElSalvador.com reported that “heated clashes” ...

View more: Expat Salvadorans ‘Clash’ in LA Park over Bukele, Bitcoin

Crypto Influencers Face $300K Fines in Spain's Advertising Crackdown

Bitcoin Supply Shock: Only 12% Of BTC Supply Is On Exchanges Now

Crypto Listing and Delisting Announcements: Week 3

OHM Holders Wake Up To Blood, How This OlympusDAO Whale Sank Its Price by 44%

The 5 Promising Blockchain Projects Leading The Way Forward For Decentralized Technology In 2022

Top 3 Metaverse Projects to Watch In 2022

Polygon Expands Its Footprint As Evolving NFT And Gaming Ecosystems Seek Ethereum Alternatives

TON Blockchain Aims To Bring True Financial Freedom To The World In 2022

4 DeFi Projects That Will Rock 2022

Bitcoin's & Ethereum's Near-Term Moves Expected to Signal Further Direction

$500,000 Bitcoin Donation Prompts Renewed Investigation Into Capitol Hill Riot: Report

Bitcoin, Ethereum Fund Outflows Slow, Solana Remains Favorite + More News

OTHER TECH NEWS

;