Breaking: Crypto collapse with Bitcoin falling below $9,000 and Ethereum getting close to $220

BTC/USD is down 3.5% in the last two hours after a violent move below $9,000.
ETH/USD is trying to stay above $220 after a similar drop.
XRP needs to defend $0.169 to avoid the risk of falling towards $0.10

Lorenzo Stroe Independent Analyst

Most cryptocurrencies are experiencing a significant sell-off after Bitcoin fell below $9,000. BNB/USD has suffered the most with a 4% drop towards $15 and needs to hold $14.8 support.

XRP/USD has only fallen by 2% but it's not surprising considering the digital asset has been weaker than the rest for the past few months.

BTC/USD 1-hour chart

Not everything is lost for Bitcoin if bulls can hold $8,900 and bounce back up above $9,000. For now the 12-EMA remains at around $9,160.

ETH/USD 1-hour chart

XRP/USD 1-hour chart

Author

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Breaking: Crypto collapse with Bitcoin falling below $9,000 and Ethereum getting close to $220