The sell-off has continued in the crypto markets as these coins follow the sharp drop in Bitcoin (BTC).
BTC/USD
Bitcoin (BTC) has lost the least compared to other coins on the list. It is down 7.23% since yesterday.
On the daliy chart, Bitcoin (BTC) has fixed below the $39,573 support, confirming the dominance of the bears over the bulls. Currently, the price is inside the channel with new support at the area around $30,000.
If sellers continue to fall, there is an opportunity to expect short-term growth from the support level; however, the trend is still down.
Bitcoin is trading at $35,665 at press time.
ETH / USD
Ethereum (ETH) is the most depreciated coin today with a drop of almost 12% in the past 24 hours.
Ethereum (ETH) confirmed the support at $2,410, after a successful recovery from it. For now, one needs to pay attention to the closing position of the daily candle. If the bulls can hold the key level at $2,500, it is likely to see a correction to a mirror level at $2,900 next week.
Ethereum is trading at $2,468 at press time.
XRP/USD
XRP is not an exception to the rule, down 11%.
From a technical point of view, XRP is trading similarly to Bitcoin (BTC) as it is also located between the $0.6959 resistance and $0.50 support. Selling volume has increased, meaning that traders may have begun to secure their short positions.
In this case, the ongoing decline could soon stop, followed by a rally.
XRP is trading at $0.6028 at press time.
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