Breaking News: Crypto crash continues with Bitcoin below $4,300, Ethereum below $130, Ripple below $0.41 in fresh sell-off


The sell-off of cryptocurrencies continues at full speed. After the downfall of November 14th, came the crash of November 19th, and November 20th is no better. Even Ripple, XRP/USD, which was initially more stable, is tumbling down.

Bitcoin (BTC/USD) is trading around $4,350 at the time of writing. FXStreet Crypto expert Tomas Salles suggests that the next significant support line for Bitcoin is well below $4,000. Here is what he wrote just before the recent downfall.

The second downward target is at the price level of $4,450 (price congestion support). This congestion zone began to form in August 2017 and extended its influence until the end of September. Below this price level, the BTC/USD would not find a new strong support level up to $3,676.76 (price congestion support).

Ethereum (ETH/USD is at the $130 handle. Update: Ethereum lost the $130 handle and continues to lower ground.

Ripple (XRP/USD) is at the $0.40 handle. XRP benefitted from the recent crash to overcome Ethereum as the second cryptocurrency in terms of market capitalization. However, it is not immune. 

The sell-off continues at full steam at lower levels cannot be ruled out. Several explanations have been suggested to explain the move. The hard-fork in Bitcoin Cash, the lack of an approval for a Bitcoin ETF and also other reasons.

Bitcoin crash November 20

 

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

ETH eyes $3,000 as network activity explodes and scarcity grows

Ethereum has finally hit a clear new all-time high across all exchanges, and it’s currently under a healthy consolidation period. Over the past week, Ethereum’s dominance over the market increased from 13% to 17%, while Bitcoin lost close to five percentage points. 

More Ethereum News

Ripple is South Korea’s most popular cryptocurrency, but price stays pressured

XRP/USD bounces off intraday low of 0.2647, stays below 21-day SMA for fifth day. As per the latest report from Messari, Bitcoin and Ripple are the most popular cryptocurrencies in South Korea. The research relies on the data from Bithumb, Corbit and Coinone for the fiscal year 2019.

More Ripple News

XLM Price Forecast: Stellar primed for a 10% short-term upswing amid massive network expansion

Stellar had tremendous success in 2021, reaching a high of $0.411 after a massive 230% price explosion. The digital asset has outperformed several other coins, including Bitcoin, and could be poised to rise even higher amid positive metrics shown by the Stellar Development Foundation (SDF).

More XLM News

BTC rally back to $40,000 in jeopardy as Grayscale’s demand diminishes

Bitcoin is trading slightly above $33,000 after plunging from January’s peak near $42,000. Investors, speculators, and analysts believe that the pioneer cryptocurrency can hit price levels beyond $40,000. 

More Bitcoin News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: BTC is on track to $100,000 despite the recent correction

After hitting a new all-time high of $41,950, Bitcoin had a major 31% correction down to $28,850. For the most part, this pullback is considered healthy as past price action indicates it’s normal for the flagship cryptocurrency to experience 30-40% corrections during a bull rally.

Read the weekly forecast

BTC

ETH

XRP