Bitcoin and Ethereum Bears in Control, Altcoins Crash Too

cryptonews.com:

Bitcoin price remained in a bearish zone below the USD 28,000 level and extended its decline below the USD 25,000 support. It is currently (04:49 UTC) down almost 14% and might even test the USD 23,200 support. BTC is also down 21% in a week.

Similarly, most major altcoins gained bearish momentum. ETH traded below the USD 1,350 and USD 1,220 support levels. XRP dived and tested the USD 0.30 zone. ADA traded below the USD 0.450 support zone.Learn more: Bitcoin, Ethereum & Crypto Dive as Celsius Adds Fuel to the Fed Fire This WeekTotal market capitalization:

After a sharp decline, bitcoin price traded below the USD 25,000 support zone to move further into a bearish zone. It is down 14% and is trading near USD 23,700. The next major support is near the USD 23,200 zone, below which the price could even dive towards the USD 22,000 support zone in the near term.

On the upside, an immediate resistance is near the USD 25,000 resistance zone. The next key resistance is now forming near the USD 26,500 level, above which the price might start a recovery wave.

Ethereum price tumbled below the USD 1,500 support zone. ETH is down over 18% and is trading near the USD 1,200 level.  The next major support is near USD 1,120, below which the price might even test the USD 1,050 support. ETH is down over 33% in a week.

On the upside, an immediate resistance is near the USD 1,320 level. The next key resistance is near the USD 1,400 level, above which the price could revisit the USD 1,500 zone.

Cardano (ADA) declined heavily below the USD 0.50 and USD 0.465 support levels. It even tested the USD 0.435 level and might continue to move down towards the USD 0.42 support.

BNB settled below the USD 250 support level. It even broke the USD 225 support and