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Bitcoin and Ethereum Struggle to Recover, AAVE Accelerates
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Bitcoin price started a downside correction below USD 49,000. BTC traded below USD 48,500 and is currently (12:12 PM UTC) showing bearish signs. A close below USD 48,000 might spark more downsides.
Similarly, most major altcoins are stuck in a range. ETH is trading below USD 4,000 but well above USD 3,880. XRP is consolidating below the USD 1.00 resistance.
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Today, bitcoin price saw a downside correction below the USD 49,000 level. BTC even traded below the USD 48,500 pivot level. On the downside, an initial support is near the USD 48,000 level. The next major support is near USD 47,500. A downside break below USD 47,500 might increase selling pressure in the near term.
If there is a fresh increase, the price might
Read more on cryptonews.comAbout this in other media
Bitcoin and Ethereum Fail to Recover, NEAR and ZEC Turn Green cryptonews.com /2 years ago
Bitcoin and Ethereum Fluctuate Near Key Support, Altcoins Inch Higher cryptonews.com /2 years ago
Bitcoin and Ethereum Struggle to Recover, Multiple Small Cap Altcoins in Green cryptonews.com /2 years ago
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