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Bitcoin and Ethereum Struggle to Recover, Altcoins in Red

Bitcoin price declined over 7% in a day and there was a clear move below the USD 40,000 support. It is currently (11:55 UTC) trading below USD 39,500 and there is a risk of more downsides. Similarly, most major altcoins...

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Bitcoin and Ethereum Struggle to Recover, Altcoins in Red
 
Bitcoin price declined over 7% in a day and there was a clear move below the USD 40,000 support. It is currently (11:55 UTC) trading below USD 39,500 and there is a risk of more downsides.
Similarly, most major altcoins are gaining bearish momentum. ETH declined below the USD 2,650 and USD 2,600 support levels. XRP declined below USD 0.75 and might even slide below USD 0.72. ADA is now struggling to stay above USD 0.80....
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Why this matters

This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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