Oh, dear reader, the market hath begun with a grand spectacle of despair, as most of the coins have taken a nosedive, much to the chagrin of the investors, or so says CoinMarketCap.
BTC/USD
The noble Bitcoin (BTC), once the pride of the crypto kingdom, hath lost its luster, with a decline of 4.21% over the past 24 hours.
On the daily chart, one must cast a keen eye upon the daily bar’s closure. Should it happen around the current prices, a period of sideways trading in the realm of $92,000-$96,000 may ensue by the week’s end. Oh, what a rollercoaster ride!
Bitcoin is trading at $95,234 at this very moment.
ETH/USD
Ethereum (ETH), the loyal knight of the crypto court, hath suffered a grievous blow, falling by 17.32%.
From a technical perspective, the rate of ETH hath made a false breakout of two levels. With most of the ATR passed, the prophecy foretells of sideways trading around the current prices for the next few days. Such is the fate of our dear knight.
Ethereum is trading at $2,630 at this very moment.
XRP/USD
XRP, the ever-controversial prince of the crypto kingdom, hath not escaped the wrath of the market gods, declining by 17.84%.
On the daily chart, one must fixate their gaze upon the bar’s closure in relation to the $1.9669 level. Should it happen far from it, a local bounce back to the $2.50 area may be witnessed. Oh, the intrigue!
XRP is trading at $2.4213 at this very moment.
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2025-02-03 16:05