Crypto Currency News

Bitcoin price fails to rally and falls 3%

The leading crypto currency fell below $ 57,000

Bitcoin (BTC) continues not to direct its growth and once again registered a daily decline of 3%. The leading crypto currency fell below $ 57K, and as of press time, its price is $ 56,400.

After two weeks in which BTC has traded in the range between 50 and 60 thousand dollars, the crypto currency fails to rebound again towards an upward path and specialists warn of a possible setback. Pankaj Balani, CEO of Delta Exchange, pointed out that, if USD 50,000 is not maintained, “A new lower trading corridor with a floor at USD 40,000 could be opened”.

Ethereum (ETH), a leading player in the market in recent weeks, has managed to stay above USD 4K after reaching its maximum peak above USD 1,460. The leading altcoin is trading at $ 4,067 at the close of this note, and looking to establish new support at that level, although a correction towards $ 3,800 would not be unusual.

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Dogecoin (DOGE), for its part, continues without a foot after the losses registered on Saturday after its peak at $ 0.78. Despite receiving new encouragement from Elon Musk on Twitter – he asked his followers if they would like Tesla to accept DOGE – the crypto currency meme fails to recover and continues to trade at $ 0.49.

XRP and Polkadot (DOT) are down about 4% and their price ranges between $ 1.47 and $ 37.91.

The only altcoins to have posted rises were Binance Coin (BNB), Cardano (ADA) and Bitcoin Cash (BCH), down just 1%. Each asset is traded respectively at USD 664, USD 1.76 and USD 1.474.

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