Cryptocurrency market on July 2nd: Bitcoin remains at risk, Ethereum and Altcoin increase losses
Cryptocurrency Market July 2nd by cryptonew: Bitcoin price started falling from highs of more than $ 34,000. BTC is trading below the $ 33,200 support and showing bearish signs.
Also, most of the big altcoins are gaining bearish momentum. ETH broke the USD 2,100 and USD 2,050 support levels. XRP / USD is trading below $ 0.650 and could continue to decline.
July 2nd cryptocurrency market: Bitcoin price
After the Bitcoin price rose above $ 34,000, it has continued to decline. BTC broke the $ 33,000 mark before rising again. Key support is currently near the $ 32,200 and $ 32,000 levels. If it breaks significantly below $ 32,000, there is a risk of a sharp drop. In that case the price could test the $ 30,000 level.
Initial resistance is near the $ 33,500 region. The first major resistance is now at $ 34,000, above which a rally to $ 35,000 is possible.
Cryptocurrency Market July 2nd: Ethereum Price
Ethereum price broke the $ 2,120 support to start another decline. ETH is down more than 5% and is trading below $ 2,050. If there are more losses, the price could test $ 2,000. Any further losses could trigger a massive drop to $ 1,920.
If it rallies again, the price could encounter resistance near $ 2,120. A major breakout zone is currently forming near the $ 2,150 and $ 2,155 levels.
Cryptocurrency market July 2nd: BNB, LTC, DOGE and XRP prices Giá
Binance Coin (BNB) is also down 5% and even tested the USD 280 level. It looks like BNB is struggling to hold out above $ 280. If the bears take control, a decline towards $ 265 is possible. On the flip side, the bears can stay active near $ 295 and $ 300.
Litecoin (LTC) fell below the $ 135 support. It’s currently trading near $ 130 and could soon test $ 125. Any further losses could open the door for a move towards USD 112. Conversely, the price could start rising again towards the $ 142 level.
Dogecoin (DOGE) is consolidating below the $ 0.250 level. Immediate support is near the $ 0.232 level. The first major support is near $ 0.220, below which it may decline to $ 0.200.
XRP price failed to hold above the critical support of $ 0.650. If the price continues to drop, he can test $ 0.620. The main breakout support is near the $ 0.600 level. On the downside, the price could hit a hurdle near the $ 0.665 and $ 0.675 levels.
Cryptocurrency Market July 2nd: Another Altcoin Market
Many altcoins are down more than 5%, including TEL, TFUEL, AAVE, ZRX, LUNA, CRV, MKR, THETA, QNT, BTG, ZEC, COMP, ICP, MANA and SUSHI. Of these, TEL fell nearly 13%, breaking the $ 0.025 level.
Overall, Bitcoin price is showing signs of falling below $ 34,000 and $ 33,500. If BTC breaks the $ 32,000 support, it risks a bigger decline.
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