Crypto market update: Market bleeds as the top three consolidate price
- BTC/USD faces resistance around the$9,500 level.
- Chainlink (LINK) was the biggest loser among the top 20.
Bears are in full control of the market as the prices bled this Monday. Bitcoin is flirting with the $9,500-line, struggling to break past it. The rest of the top three also struggled around crucial resistance levels. 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): BTC/USD has gone down from $9,500 to $9,465. The price is currently trending in a flag formation, getting primed for a breakout. There are healthy resistance levels around the $9,500 zone.
- Ethereum (ETH): ETH/USD is currently consolidating in a flag formation. The price fell from $211.15 to $208.15 this Tuesday. There is a significant market resistance at $211.65.
- Ripple (XRP): XRP/USD is trending in a flag formation, where the price has fallen from $0.309 to $0.308. Intraday resistance lies at $0.310.
Biggest winners and losers (top 20 coins)
- Chainlink (LINK) was the biggest loser among the top 20, going down by 6.39% and is priced at $2.09.
- Bitcoin SV (BSV) went down by 3.48% and is priced at $144.02.
- UNUS SED LEO (LEO) was the biggest winner, as it went up by 4.43% and is priced at $1.36.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
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