Bulls have failed to seize the initiative as most of the coins remain in the red zone. Cardano (ADA) is the only exception to the rule, rising by 0.75%.

Chart

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) could not keep the rise after yesterday's bullish candle, going down by 1% over the last 24 hours.

BTCUSD

BTC/USD chart by TradingView

Despite today's drop, Bitcoin (BTC) has also made a false breakout of yesterday's low of $29,440. If buyers can hold the rate above this mark by the end of the day, there is a chance to see a rise to the area around $30,000 within the next few days.

Bitcoin is trading at $29,608 at press time.

ETH/USD

Ethereum (ETH) is the biggest loser from the list today, declining by 2.55%.

ETHUSD

ETH/USD chart by TradingView

Ethereum (ETH) is trading similarly to Bitcoin (BTC) as bears have turned out to be more powerful than bulls. In addition, the selling trading volume has increased. In this regard, one can expect a further drop below the important $2,000 kevel soon.

Ethereum is trading at $2,012 at press time.

XRP/USD

XRP has followed the drop of other coins as the rate has declined by 2.16%.

XRPUSD

XRP/USD chart by TradingView

Despite the fall, XRP remains trading above the vital $0.40 mark, which means that bulls are not ready to give up so easy. However, if bears' pressure continues, traders may see a sharp price drop to the zone around $0.35-$0.37 shortly.

XRP is trading at $0.41369 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 Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Binance Coin Price Prediction: Two things need to happen for BNB to hit $450

Binance Coin Price Prediction: Two things need to happen for BNB to hit $450

Binance Coin price could be running out of gas to continue its massive rally. While the last five days have been exciting times for holders, the following days will need to be closely monitored. The threat of a downswing looms for BNB.

More Binance Coin news

Litecoin Price: Two reasons why $100 LTC is not coming anytime soon

Litecoin Price: Two reasons why $100 LTC is not coming anytime soon

Litecoin price embarked on an incredible rally after the FTX-induced crash bottomed on November 9. Due to the explosive moves, many investors are in profit. However, for a further extension of this move, a minor retracement might be necessary.

More Litecoin news

Does Goldman Sachs stock market forecast apply to Bitcoin?

Does Goldman Sachs stock market forecast apply to Bitcoin?

Goldman Sachs, a multinational investment bank, revealed In a note to investors a gloomy outlook for stock markets in 2023. The analysts believe that a short-term drop in the S&P 500 is likely. Bitcoin, however, has been highly correlated with the stock market.

More Bitcoin news

Crypto.com price tightens, hinting at a 20% upswing

Crypto.com price tightens, hinting at a 20% upswing

Crypto.com price shows a tight consolidation with higher lows, suggesting a build-up of bullish momentum. Investors can expect a 20% rally from the current position to $0.0785 in the coming week. A daily candlestick close below $0.0612 will invalidate the bullish outlook for CRO.

More Crypto.com news

Bitcoin: Assessing chances of one last bear market rally for 2022

Bitcoin: Assessing chances of one last bear market rally for 2022

BTC is in a good place to trigger another bear market rally from a high-time frame perspective. This development, combined with the optimistic outlook seen in on-chain metrics, further strengthens the possibility of a happy ending to 2022.

Read full analysis

BTC

ETH

XRP