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Bitcoin and Ethereum Trend Lower, ALGO and NEAR Jump
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Bitcoin price failed to start a recovery wave and gained pace below the USD 48,500 support. BTC extended decline below the USD 47,500 support and is currently (04:22 UTC) showing bearish signs near USD 46,800.
Similarly, most major altcoins are moving lower. ETH traded below the USD 3,880 and USD 3,650 support levels. XRP settled below USD 0.85 and might revisit the USD 0.80 zone. ADA is approaching the USD 1.30 support zone.
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In the past three sessions, bitcoin price saw a steady decline below the USD 50,000 level. BTC broke a few important supports near USD 48,500 to enter a bearish zone. It even broke the USD 46,500 support zone, before recovering. On the downside, an initial support is near the USD 46,000 level.
Read more on cryptonews.comAbout this in other media
Bitcoin and Ethereum Consolidate Gains, DOGE and SHIB Surge cryptonews.com /2 years ago
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Bitcoin and Ethereum Take Another Step Higher, FTM and ROSE Rally cryptonews.com /2 years ago
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