Crypto Price Today: Bitcoin, Solana, Cardano, others fall up to 7%. Here's why
Bitcoin (BTC) fell over 3% and was trading at $62,322.09 around 12:20 pm India time. The other major cryptos such as Ethereum (4.04%), XRP (2.97%), Dogecoin (XRP (2.97%), Avalanche (5.19), Tron (1.12%), Cardano (3.68%), Solana (7.28%), BNB (3.79%), Toncoin (4.89%) and Polygon (4.41%).
From the peak of $73,000, the Bitcoin prices have slid by nearly 17%.
The crypto market continues to fall and remains choppy with the BTC declining due to negative ETF flows and poor macro data from prior weeks, a CoinDCX Research Team note said. BTC has fallen below the key level of $64k, with key support levels at $60,700 and $56,700, and resistance at $67,100 and $71,650, it added.
As for Ethereum (ETH), it is trading sideways and needs to break from either the range low or high for a clearer direction. Significant support levels for ETH are $3435 and $3350, while resistance levels are $3650 and $3950, the CoinDCX note said further.
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Contrary to the current trends, the surge in BTC prices has been on the back of strong ETF inflows in this crypto asset.
