Bitcoin Price Analysis: BTC/USD got rejected from $12,000 after Bithumb gets raided by police
Bitcoin is facing a lot of selling pressure after another rejection from the crucial $12,000 level and the recent news from Korea. Bithumb, the largest cryptocurrency exchange in the country is facing fraud charges and its headquarters have been seized by police.
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Ethereum Market Update: Vitalik Buterin explains high ETH fees
Ethereum (ETH) hit the multi-year high at $488 on September 1 and retreated to $461 by press time. The second-largest digital asset has lost over 1.2% since the start of the day. However, it is still in a green zone if compared to this time on Monday. ETH/USD has been moving in sync with the market, which has started a downside correction after a sharp rally of recent days.
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Ripple Technical Analysis: XRP/USD suffers a devastating blow as 88 million tokens remain stolen
The weakness of XRP is quite apparent as the digital asset gets closer to a crucial support level at $0.255. This low formed on August 27 is really the only support level on the way down beside the 100-EMA and the 200-EMA.
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