Bulls have failed to hold the weekend’s rise, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has dropped by 2.45% over the past day.
Bulls are weaker than bears on the daily chart. The drop is probably going to continue to the $57,000 range if today’s bar closes close to its low. A situation like this is still relevant at the end of the week.
Bitcoin is trading at $58,529 at press time.
ETH/USD
The price of Ethereum (ETH) has followed the decline to BTC, going down by 4.46%.
There are not any reversal signals at this time from a technical standpoint. However, a local rebound back to the $2,400 region is expected if the daily candle closes around the current prices.
Ethereum is trading at $2,302 at press time.
XRP/USD
XRP is the least loser today, as its rate has declined by 2.2%.
The price of XRP is attempting to revert to its earlier bullish trend on the daily time frame. Traders might consider a reversal, though, only if the rate returns to and fixes above the crucial $0.60 region. Then, there is a chance that the energy built up will allow a move to $0.64.
XRP is trading at $0.5727 at press time.