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

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

BTCUSD

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

ETHUSD

XRP/USD 1-hour chart

XRPUSD

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: Bulls eye $12,000 amid falling channel breakout

Bitcoin (BTC/USD) has finally broken the recent consolidative phase to the upside, as the bulls cleared the $11,700 resistance. Technical set up favors BTC bulls, eyes set on $12,000 mark. 

More Bitcoin News

BCH/USD: Downside appears compelling amid bearish crossover

Bitcoin Cash (BCH/USD) is consolidating in a $10 narrow range after a volatile Friday, as the bears gear up for the next push lower. Hourly RSI inches lower below the midline, with bearish HMAs crossover. A test of Friday's low at $277 is on the cards. 

More Bitcoin Cash News

VET/USD: Bullish bias intact while above 21-DMA

The bullish tone around VeChain (VET/USD) remains intact on Saturday, despite a temporary pullback seen a day before. The path of least resistance appears to the upside, especially after it charted a descending triangle breakout on the daily sticks last Tuesday.

More Cryptocurrencies News

Cryptocurrency Market Update: Ethereum outperforms amid broad-based buying spree

Buying-wave sweeps across the crypto board on Saturday. Ethereum leads the advance among the top 3 favorite crypto coins. Will the bulls extend control into Sunday after Friday’s decline?

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC hit the pause button before a decisive breakthrough

Bitcoin lived through a wild roller-coaster move during the previous weekend. The coin hit the new 2020 high above $12,000 and crashed to $10,500 in a matter of hours. 

Read the weekly forecast

BTC

ETH

XRP