Bitcoin price is struggling to stay above the USD 20,000 support.
Ethereum is nearing USD 1,000, XRP is holding the USD 0.305 support.
Multiple altcoins are down over 10%.
Bitcoin price struggled to clear the USD 23,000 resistance level and dropped below USD 21,200. It is currently (04:09 UTC) showing bearish signs near USD 20,400 and is down 8% in a day and 32% in a week.
Similarly, most major altcoins are also moving lower. ETH is trading below the key USD 1,150 pivot level. XRP is consolidating near USD 0.320. ADA is down 7% and trading near USD 0.48.
Total market capitalization
Bitcoin price
After an upside correction, bitcoin price struggled to surpass the USD 23,000 and USD 23,200 resistance levels. A high was formed near USD 23,000 and the price started a fresh decline below the USD 21,200 level. On the downside, an initial support is near the USD 20,250 level. The next major support is near the USD 20,000 zone, below which the price could decline heavily.
On the upside, the...
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