Bitcoin, Ethereum, Ripple overview: paying a visit to support levels

Major coins are in red, staying close to the short-tern support levels.
BTC/USD attempts to recover from $3,900.

Tanya Abrosimova Independent Analyst

Cryptocurrency market is in red with all major coins nursing losses from 0.3% to 6% on a day-on-day basis. The total capitalization of all digital assets in circulation has slipped to $137.9B from $140B registered the day before, though an average trading volumes climbed to $33B.

Bitcoin bulls continue to create a positive buzz around Bitcoin and cryptocurrency market as a whole, but the optimistic comments have little effect on the market. Thus, Mike Novogratz recently noted that Bitcoin’s value would surpass the market cap of gold in 20 years.

Cisco published a report on blockchain technology, saying that it will be worth $10B by 2021.

Bitcoin (BTC) lost 1.5% of its value since this time on Monday to trade at $3,920 at the time of writing. The first digital coin touched $3,906 low during early Asian hours before the upside correction set in. Buyers are likely to push the prices towards the upper border of the recent short-term channel, away from the critical support $3,900.

Ethereum (ETH) is also down 1.5% at $134.76. The second largest coin managed to recover from under $134.00, but the upside momentum is fading away on approach to $135.00. Ethereum is moving in sync with Bitcoin amid directionless market.

Ripple (XRP) is changing hands at $0.3027, down 1.7% on a day-on-day basis. The third largest digital asset is supported by critical $0.30, while the recovery attempts are likely to hit a brick wall on approach to $0.31 handle.

Author

Tanya Abrosimova

Independent Analyst

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments.

Solana Price Forecast: SOL slips below $82 as hawkish Fed tone sparks risk-off sentiment

Solana is trading below $82 at the time of writing on Thursday after failing to break out of the upper consolidation range over the weekend. The Minutes from the Federal Open Market Committee on Wednesday kept interest rates unchanged, but a less dovish tone that followed dampened risk appetite and pressured risky assets.

Warren warns crypto bailout would enrich Trump family biz: Report

Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell, urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars.

Top Crypto Gainers: World Liberty Financial, Sky, and Cosmos confront major resistance

World Liberty Financial, Sky, and Cosmos rank among the top gainers over the last 24 hours but face critical overhead resistance levels. WLFI gained momentum at the World Liberty Forum, an invite-only conference held at Mar-a-Lago by US President Donald Trump’s family, while SKY and ATOM reversed off a crucial support level.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.