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Bitcoin and Ethereum Struggle to Recover Further, Altcoins Dip

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Bitcoin price failed to stay above the USD 21,200 resistance zone and corrected below the USD 20,500 level. It is currently (12:48 PM UTC) trading near USD 20,200 and is down 4% in a day and almost 8% in a week.Similarly, most major altcoins are also moving lower.

ETH declined below USD 1,120 and might even retest USD 1,000. XRP is stuck near USD 0.320. ADA is down 6% and approaching the USD 0.45 support zone.Total market capitalization After a rejection above USD 21,500, bitcoin price slipped below USD 21,200.

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