As the sun rose on a new week, the market, like a weary traveler, stumbled and fell, leaving many to wonder if it had tripped over its own shoelaces. According to the wise sages at CoinMarketCap, the numbers were not looking too rosy.
BTC/USD
Bitcoin, that elusive creature of the digital realm, has taken a slight tumble, down by a mere 0.9% in the last 24 hours. One might say it’s just a scratch on its shiny surface.
On the daily chart, Bitcoin is inching toward the interim support level of $94,091, like a tired old man heading for a bench. Should it break through, we might just see it test the waters around $92,000 soon. Who knew digital currency could be so dramatic?
As of now, Bitcoin is trading at $94,710, still holding its head high, or at least trying to.
ETH/USD
Ethereum, ever the follower, has decided to join the party of decline, slipping down by 4.54%. It seems it couldn’t resist the gravitational pull of Bitcoin’s misfortune.
From a technical standpoint, Ethereum has failed to break the upper level, much like a kid trying to reach the cookie jar on the top shelf. If the daily bar closes around the current prices or below, we might just see a test of the support at $2,562 in the coming days. Fingers crossed, right?
At this moment, Ethereum is trading at $2,660, still clinging to its dignity.
XRP/USD
XRP, the underdog of the trio, is not one to be left out, also taking a hit of 4.16%. It seems misery loves company.
There are no signs of a reversal on XRP’s daily chart, which is about as encouraging as a rainy day picnic. If buyers don’t step up by day’s end, traders might witness a continued decline to the $2.30 range. Oh, the suspense!
XRP is currently trading at $2.4049, still hanging in there, like a cat on a hot tin roof.
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2025-02-24 18:46