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Bitcoin and Ethereum Struggle, SOL and SHIB Move Higher
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Bitcoin price failed to gain momentum above the USD 62,500 and USD 62,650 resistance levels. As a result, BTC started a fresh decline below the USD 61,200 support. It is currently (04:33 UTC) trading above USD 61,300 and it might continue moving down.
Besides, most major altcoins are also moving lower. ETH failed to surpass USD 4,400 and declined. XRP spiked towards the USD 1.15 resistance level before a fresh drop. ADA is now trading below the USD 2.00 level.
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Recently, bitcoin price attempted a clear upside break above the USD 62,500 resistance zone. However, BTC failed to gain strength and started a fresh decline. It broke the key USD 61,200 support zone. On the downside, an initial support is near the USD 60,250
Read more on cryptonews.comAbout this in other media
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