Bitcoin Consolidates While Ethereum and Altcoins Inch Higher
Bitcoin price declined below the USD 65,000 support level before there was a minor recovery. It is currently (04:20 UTC) trying to recover further and facing a major hurdle near USD 65,500.
Besides, most major altcoins are moving higher. ETH is gaining momentum and it could even surge above USD 4,800. XRP is trading near USD 1.22 and could continue higher. ADA might gain pace for a move above USD 2.12.
Total market capitalization
After a downside break below USD 65,000, bitcoin price extended losses. BTC even spiked below USD 63,500 before recovering. The price is now consolidating losses and trading near USD 65,000. On the downside, an initial support is near the USD 64,500 level. The next key support is near the USD 64,000 level, below which
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