Bitcoin price struggles to recover above USD 29,600.
Ethereum is consolidating above USD 1,720, XRP settled below USD 0.40.
SOL and BNB are the worst performers among the top 10 coins.
Bitcoin price declined below the USD 30,000 support zone and even spiked below the USD 29,500 level before recovering. It is currently (11:36 UTC) consolidating losses above USD 29,500 and is down 6% in a day and 7% in a week.
Similarly, most major altcoins might extend losses. ETH could decline further if it trades below USD 1,720. XRP settled below the key USD 0.40 pivot level. ADA is down over 7% and is trading below USD 0.592.
Total market capitalization
Bitcoin price
After a sharp bearish wave, bitcoin price settled below the USD 30,000 pivot level. BTC even spiked below USD 29,500 before it started a consolidation phase. The price is now showing bearish signs and remains at a risk of more losses below the USD 29,000 support. The next major support is near the USD 28,500 zone, below which the...
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