Bitcoin (BTC) crashed below $7,000, losing over 8% in a matter of minutes. The downside momentum is gaining traction with $6,500 handle now in sight.

At this stage it is not clear, what might have served as a trigger for the move, but all major altcoins follow the lead and are losing ground quickly.

At the time of writing, BTC/USD is changing hands at $6,830, but the situation is changing every second.

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Editors’ Picks

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Altcoins are set up to hunt for Bitcoin

The BTC/USD pair is trading at $10.461 and has been playing for three days with the price congestion support level at $10.600. The current technical structure is very ambiguous and open to both sides of the market. 

More Bitcoin News

Ethereum Classic price analysis: ETC/USD defiantly stays in green

Ethereum Classic is among the few coins that are showing potential for growth on Monday. Besides, ETC/USD trading pair has maintained a shallow uptrend from the lows traded last week around $5.11. On the upside, movement is limited at $6.5 although the price is dancing at $6.44.

More Ethereum Classic News

Litecoin market overview: LTC/USD upside capped at $100

Litecoin has decided to play it safe after an unsuccessful attack on $105 resistance. The declines from July 10 explored the levels under $100. A low was formed at $77.50 before the bears started to retreat as reported by FXStreet.

More Litecoin News

Cryptocurrency market update: Bitcoin upside limited at 10,800 – Ethereum and Ripple test key support areas

The cryptocurrency market is oddly calm on July 22; the first day of the week’s trading. Led by Bitcoin, cryptos are shunning volatility choosing a more stable look into trading this week, unlike the previous weeks.

More Ethereum News

Bitcoin Weekly Forecast: bulls lick wounds after major sell-off

The cryptocurrency market has lived through a dreadful week as Bitcoin(BTC), and all major altcoins crashed below several important support levels. 

Read the weekly forecast

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