Can altcoins maintain their dominance over Bitcoin (BTC)?

BTC/USD

Can altcoins maintain their dominance over Bitcoin (BTC)?

Despite today’s price increase, Bitcoin (BTC) was unable to maintain its gains after reaching a new high of roughly $68,500. Furthermore, the purchasing trade volume has decreased, implying that purchasers are not as powerful as they once were.

In this circumstance, a drop to the nearest support level of $60,000 is likely.

At the time of writing, Bitcoin was trading at $64,479 USD.

XRP/USD

Over the last week, the price of XRP has risen marginally. The rate of increase was 0.71 percent.

XRP continues to trade in a broad channel with no clear negative or positive signs. Bulls failed to push through resistance at $1.29, confirming buyers’ weakness.

If bulls fail to grab the initiative, the decline might extend to $1.10152, the most liquid region.

At the time of writing, XRP was trading at $1.1894.

ADA/USD

Despite increasing 2% in the last seven days, Cardano’s (ADA) rate has dropped by 0.24 percent since yesterday.

Cardano (ADA) is trading similarly to XRP at the present, with neither bulls nor bears in control. In this circumstance, price movement is more likely to remain sideways in the range between the support around $1.832 and the most liquid zone near $2.10. This situation will be applicable till the end of the week.

At the time of publication, ADA was trading at $2.042.