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Bitcoin and Ethereum Fail Again, Altcoins Trim Gains
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Bitcoin price tried to gain strength above the USD 51,800 resistance. However, BTC failed to continue higher and formed a short-term top near USD 52,000. It started a fresh decline and is currently (04:50 UTC) trading near USD 49,000.
Similarly, most major altcoins are also moving lower. ETH broke the USD 4,020 and USD 4,000 support levels. XRP traded below the key USD 0.90 support. ADA trimmed gains and traded below USD 1.50.
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Recently, bitcoin price made another attempt to clear the USD 51,800 resistance. However, BTC faced a strong selling interest and started a fresh decline below USD 51,200. There was a clear move below the USD 50,000 level as the price dropped almost 4% in a day. On the downside, a major
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