Bitcoin $BTC
Bitcoin experienced a sharp decline of approximately -8%, trading at $93,380 at the time of writing. Today’s highest price was $98,260, while the lowest touched $92,735. The 11-day low of $94,100 has been breached, and is BTC now likely to test the 15-day low at $90,500. Indicators suggest that Bitcoin’s weakness persists, making it highly probable that the downtrend will continue into tomorrow.
XRP $XRP
XRP is trading around $1.9900, with a high of $2.3551 and a low of $1.9623. XRP saw a significant drop of -18%, indicating very strong selling pressure. Based on indicators, XRP continues to show weakness and is likely to follow Bitcoin’s downward trend tomorrow.
Ethereum $ETH
Ethereum was also affected by the bearish trend, trading at $3,141. Today’s highest price was $3,467, while the lowest was $3,103. ETH is likely to test its lowest resistance level at $3,014, previously formed on November 15. Ethereum’s decline today reached approximately -15%, with indicators pointing to further potential losses in the coming days.
Market Performance and Conclusion
Only a handful of assets, around five, recorded gains, including DEXE, ZEN, STRAX, USUAL, ME, and CTXC. Among these, DEXE saw the highest increase at 34%, while ME had the smallest gain at 0.84% as of this writing.
The cryptocurrency market is currently under bearish pressure, with Bitcoin, Ethereum, and XRP showing significant declines. Only a few assets are seeing gains, while the majority of the market signals continued weakness. Indicators suggest that the downtrend is likely to persist in the coming days.
