Tuesday started with the bounceback of the cryptocurrency market; however, by the end of the day, bears have seized the initiative.


Top coins by CoinMarketCap


Bitcoin (BTC) keeps falling despite short-term growth impulses. The decline over the last day is by 22%.


BTC/USD chart by TradingView

After a false breakout of the $42,000 zone, bulls are not showing any efforts to return the price to the bullish channel. In addition, the buying trading volume is low, confirming the power of bears.

As the MA 200 has not been tested on all exchanges, there is a chance to see one more decline to the zone around $39,700 shortly.

Bitcoin is trading at $43,564 at press time.


Ethereum (ETH) is showing better price dynamics than Bitcoin (BTC) as the rate of the chief altcoin could even rise by 2% over yesterday.


ETH/USD chart by TradingView

Ethereum (ETH) is neither bullish nor bearish as the coin keeps trading in a sideways range. The second most popular crypto is trading above the MA 200 on the 4H chart, which means that bears have not seized the initiative yet. Thus, the selling volume has significantly declined. That is why the more likely price action for Ethereum (ETH) is consolidation in the area of $3,200-$3,400.

Ethereum is trading at $3,356 at press time.


XRP is the second-fastest-growing coin today from our list, as its rate has gone up by 5.75% over the last 24 hours.


XRP/USD chart by TradingView

XRP is looking much more bullish than Bitcoin (BTC) or Ethereum (ETH), as the coin keeps slowly growing while the main crypto continues the decline. However, the trading volume is low, which means that buyers are not ready yet for a breakout. Respectively, the consolidation accompanied by a low volatility of about $1.6 might be the more likely scenario for the upcoming days.

XRP is trading at $1.5486 at press time.


Litecoin (LTC) is the top gainer today with a rise of 9%.


LTC/USD chart by TradingView

Despite the correction by the end of the day, the scenario remains bullish while the "digital silver" remains trading above $262. In this regard, traders may expect a test of the mirror level at $336 shortly.

Litecoin is trading at $298.20 at press time.

Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

VeChain price reaches the limit, easy money in VET has been made

VeChain price did trade below the June 22 low in July but has responded with a 40% return (based on the current price) over the last six trading days, a sign of commitment and emotion in a cryptocurrency that had lead the market lower.

More VeChain news

XLM Price Prediction: Stellar faces technical challenges, upside limited

XLM price has climbed over 40% since the July 20 low, shredding the trading range defined by the descending parallel channel since the end of June. The rise has taken Stellar to a trifecta of resistance around $0.278, but enthusiasm behind ...

More Stellar news

Bitcoin price pares gains as Amazon denies it will accept BTC in 2021

Bitcoin price was up over 14% at one time today, taking it close to the imposing resistance beginning at $41,300. BTC falling wedge pattern breakout remains secure and projects higher prices.

More Bitcoin News

SafeMoon price nears lift-off, as SAFEMOON possesses the conditions for a big move

Safemoon price has been coiling within a descending triangle pattern since the May crash, highlighted by no sustainable rallies and continuous support along the May 19 low of $0.00000261.

More Ethereum News


Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast