A new week has stared bearish for the majority of the coins, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has dropped by 3.56% over the last 24 hours.
On a day-to-day graph, Bitcoin’s price hovers around the significant point of approximately $90,866. Should it surpass this, there could be sufficient momentum for a quick dip towards the $88,000 region.
Bitcoin is trading at $91,572 at press time.
ETH/USD
Ethereum (ETH) has followed the drop of BTC, going down by 5.88% since yesterday.
On the daily chart, one should focus on the bar’s closure in terms of the $3,028 level.
As a researcher, I am predicting that should the relevant events transpire either close by or beneath the current price range, we can expect the correction to extend towards the $2,900-$3,000 bracket in the near future.
Ethereum is trading at $3,084 at press time.
XRP/USD
XRP is not an exception to the rule, falling by 5.1%.
Although XRP’s value decreased today, it’s still quite distant from its key support and resistance points. If the day’s trading ends close to its lowest point, traders might observe a potential drop towards the $2.20 to $2.30 range.
XRP is trading at $2.392 at press time.
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2025-01-13 16:50