Crypto Market Update: Market bleeds as bears remain in cruise control

  • The top three coins faced substantial bearish correction.
  • Cardano (ADA/USD) was the biggest loser among the top 20.

The major cryptocurrencies continued to face bearish correction as markets opened this Tuesday. Monday was a bearish day as well, as all the major coins suffered losses. Let’s take a closer look at how the top three did and then reveal the biggest winners and losers of the day, among the top 20 coins.

Top three coins

  • Bitcoin: BTC/USD fell from $11,535 to $11,385 this Monday. The price further fell to $11,353.40 in the early hours of Tuesday. The bulls will need to overcome the resistance at $11,535, to prevent any further drop in price.
  • Ethereum: ETH/USD’s price fell from $216.50 to $211.35. This Tuesday, the price has gone down further to $209.60. Critical resistance for bulls to overcome lies at $211.25.
  • Ripple: XRP/USD fell from $0.303 to $0.300. This Tuesday, the price has gone below the $0.30-level and is currently priced at $0.298.

Biggest winners and losers (top 20 coins)

  • Cardano (ADA/USD) went down by 4.16% and is priced at $0.0513.
  • Chainlink (LINK/USD) went down by 3.50% and is priced at $2.34.
  • Litecoin (LTC/USD) went down by 3.24% and is priced at $85.04.

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 & Analysis

Editors’ Picks

Crossroads in the war for dominance

At the beginning of the day, the crypto market is awaiting the resolution of two critical technical events for the development of prices in the short and medium-term.

More Bitcoin News

XRP/USD bounces off $0.20 only to run into trendline resistance

Ripple has started to nurture a consolidative move between $0.20 support and $0.21 resistance. Earlier this week, the price spiked above $0.215 but failed to overcome the resistance at the descending trendline. 

More Ripple News

Cardano Market Analysis: ADA/USD rushes to the North as Shelly update looms

The price of Cardano (ADA) has been on fire. The price increased from $0.4950 on May 21 to $0.0889 by press time. Moreover, the coin tested $0.0900 during early Asian hours, which is the highest level since June 28, 2019. 

More Cardano News

LTC/USD resumes the recovery after sell-off, $48.00 in focus

Litecoin (LTC) attempted a recovery above $48.00 during early Asian hours on Thursday, but failed to hold the ground and dropped to as low as $46.26 (intraday low).

More Litecoin News


Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300.

Read the weekly forecast