Bitcoin and Ethereum Remain At Risk, EGLD Rallies
Bitcoin price started a fresh decline below USD 58,500. BTC even broke the USD 57,500 support, and it is currently (12:04 PM UTC) consolidating losses. To start a fresh increase, it must clear USD 58,500 and USD 60,000.
Besides, most major altcoins are struggling to start a recovery wave. ETH traded below USD 4,250, but it is still well above USD 4,050. XRP bulls managed to protect a break below USD 1.00. ADA might attempt a recovery if there is a break above USD 1.88.
Total market capitalization
After a clear break below USD 58,500, bitcoin price extended decline. BTC traded below the USD 57,500 support level to move further into a bearish zone. On the downside, an initial support is near USD 56,800. The next major support is near USD 55,500,
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