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Bitcoin and Ethereum Struggle, SAND and EGLD Rally
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Bitcoin price attempted recovery wave above the USD 58,000 level. However, BTC failed to gain strength and struggled above USD 58,500. As a result, there was a fresh bearish reaction, and the price is currently (04:58 UTC) trading below USD 57,000.
Besides, most major altcoins are showing bearish signs. ETH is trading below USD 4,200 and it could continue to move down. XRP is still above USD 1.00, but it is facing a lot of hurdles. ADA is moving lower towards USD 1.80.
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