RATE Group | Bitcoin and Altcoins Are Plunging And Remain At Risk
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Bitcoin and Altcoins Are Plunging And Remain At Risk

26 Feb Bitcoin and Altcoins Are Plunging And Remain At Risk

Posted at 10:13h in Bitcoin News by

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Yesterday, we saw the start of a fresh bearish wave in bitcoin below the USD 9,650 support. Later, BTC/USD gained bearish momentum and it traded below the USD 9,550 and USD 9,200 support levels. The next key support is near USD 9,050, below which there is a risk of a sharp decline.

Similarly, there was a strong decline in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is down close to 10% and it tested the USD 235 area. XRP declined below the USD 0.250 and USD 0.242 support levels. The overall market sentiment turned bearish (09:00 UTC), with many signs of more losses.

Total market capitalization

Bitcoin and Altcoins Are Plunging And Remain At Risk 101
Source: www.tradingview.com

Bitcoin price

Recently, bitcoin price settled below the USD 9,550 support area, sparking a major decline. BTC/USD even dived below the USD 9,250 and USD 9,200 support levels. It tested the USD 9,100 level and it seems like the USD 9,050 support could be tested. If there are more downsides, there…

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