Bitcoin price failed to gain strength above the USD 48,500 resistance level. BTC started a fresh decline and traded below USD 47,500. It is currently (04:24 UTC) showing bearish signs and there is a risk of more downsides below USD 46,500.
Similarly, most major altcoins are moving lower. ETH failed to surpass USD 4,100 and declined below USD 4,000. Conversely, XRP started a fresh rally and broke the USD 0.90 level. ADA is down almost 5% and it could revisit USD 1.20.
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