Bitcoin and Ethereum Turn Red, Altcoins Extend Losses
Bitcoin price started a fresh decline from well above USD 51,000. BTC settled below USD 50,000 and showing bearish signs. It is currently (15:17 UTC) trading near USD USD 49,00 and there is a risk of a sharper decline.
Similarly, most major altcoins are gaining bearish momentum. ETH traded below USD 3,920 and the next major support is near USD 3,850. XRP is trading below USD 0.90, and the bears are aiming for a move below USD 0.880. ADA is consolidating near the USD 1.50 zone….
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