cryptocurrency

Crypto market update: Market bleeds as the top three consolidate price – FXStreet


  • BTC/USD faces resistance around the$9,500 level.
  • Chainlink (LINK) was the biggest loser among the top 20.

Bears are in full control of the market as the prices bled this Monday. Bitcoin is flirting with the $9,500-line, struggling to break past it. The rest of the top three also struggled around crucial resistance levels. Let’s take a closer look at how the top three did and then reveal the biggest winners and losers of the day, among the top 20 coins.

Top three coins

  • Bitcoin (BTC): BTC/USD has gone down from $9,500 to $9,465. The price is currently trending in a flag formation, getting primed for a breakout. There are healthy resistance levels around the $9,500 zone.
  • Ethereum (ETH): ETH/USD is currently consolidating in a flag formation. The price fell from $211.15 to $208.15 this Tuesday. There is a significant market resistance at $211.65.
  • Ripple (XRP): XRP/USD is trending in a flag formation, where the price has fallen from $0.309 to $0.308. Intraday resistance lies at $0.310.

Biggest winners and losers (top 20 coins)

  • Chainlink (LINK) was the biggest loser among the top 20, going down by 6.39% and is priced at $2.09.
  • Bitcoin SV (BSV) went down by 3.48% and is priced at $144.02.
  • UNUS SED LEO (LEO) was the biggest winner, as it went up by 4.43% and is priced at $1.36.
     



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