Neither bulls nor bears are dominating at the moment on the cryptocurrency market.

Chart

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) is almost unchanged since yesterday.

BTCUSD

BTC/USD chart by TradingView

After the breakout of the purple level at $53,300, Bitcoin (BTC) is located in the wide channel where the nearest support is located at the level of $41,967.

If bulls cannot hold this area, there is a chance to see a sharp drop below the vital zone of $40,000.

Bitcoin is trading at $47,607 at press time.

ETH/USD

Over the weekend, the Ethereum (ETH) price held in a sideways consolidation with support at the psychological level of $4,000. On Sunday evening, buyers made a weak attempt to break above the average price level but failed to gain a foothold above the $4,100 mark.

By the beginning of this week, the price again rolled back to the support area of $4,000.

ETHUSD

ETH/USD chart by TradingView

Today, the breakout could be repeated, and if buyers overcome the resistance of the two-hour EMA55, then the Ether price could test the resistance of $4,300.

Ethereum is trading at $3,880 at press time.

XRP/USD

At the end of last week, the XRP price failed to gain a foothold above the two-hour EMA55 level. On the weekend, the local maximum was set around the $0.857 mark, but currently the pair is still below the average price level.

XRPUSD

XRP/USD chart by TradingView

If the next attempt by the bulls is more successful, and the XRP price comes back above the EMA55, then the growth can continue to the resistance area of $0.96.

XRP is trading at $0.7955 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.

Recommended content


Recommended Content

Editors’ Picks

Ethereum attempts recovery following first rate cut in four years

Ethereum attempts recovery following first rate cut in four years

Ethereum is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds recorded $15.1 million in outflows.

More Ethereum News
Bitcoin offers diversity for traditional investors: BlackRock

Bitcoin offers diversity for traditional investors: BlackRock

Bitcoin (BTC) is trading above $60,000 on Wednesday following the release of BlackRock's latest white paper, which addresses some of the top crypto assets' unique advantages to investors compared to traditional asset classes.

More Bitcoin News
XRP pulls back 4% even as Ripple releases details of stablecoin RLUSD

XRP pulls back 4% even as Ripple releases details of stablecoin RLUSD

Ripple (XRP) shared details of its stablecoin project Ripple USD (RUSD) in a blog published on Tuesday. The cross-border payment remittance firm discusses relevant legislation and plans to support the digital asset economy through RLUSD. 

More Ripple News
Bitcoin traders keep powder dry ahead of Fed decision on interest rates

Bitcoin traders keep powder dry ahead of Fed decision on interest rates

Bitcoin retraces slightly, trading above $59,000 on Wednesday, as crypto markets brace for the upcoming interest-rate decision by the US Federal Reserve, which is expected to lower interest rates for the first time in more than four years.

More Bitcoin News
Bitcoin: On the road to $60,000

Bitcoin: On the road to $60,000

Bitcoin price retested and bounced off from the daily support level of $56,000 this week. US spot Bitcoin ETFs posted $140.7 million in inflows until Thursday and on-chain data supports a bullish outlook.

Read full analysis
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

BTC

ETH

XRP