Major cryptocurrencies continue to decline in price on Tuesday. According to financial experts, this dynamic is quite obvious, as the strong downtrend continues to operate in the market. Bitcoin fell 1.8% on Monday, falling below $ 4,000 and testing the level of $ 3,934. For ten days, Bitcoin has been trading in a stable range from $ 3,900 to $ 4,100, and according to financial experts, the first cryptocurrency now has two ways: $ 5,500 or $ 3,000.
The Bitcoin rate, according to Libertex, fell by 1.7% in a day by 1.7% to $ 3,899 with a capitalization of $ 69.6 billion. Soon bitcoin can roll back even lower, in the range of $ 3,600-3,800. The price can penetrate the lower limit of the corridor $ 3,90-4055 and drop to $ 3,775 and $ 3,658. Ethereum by this time fell by 1.66% - up to 132.8 dollars, its capitalization reached the level of 14.2 billion dollars. XRP for the day lost in the price of 2.68% and dropped to $ 0.299 with a capitalization of $ 12.6 billion. Litecoin fell by 1.88% to $ 58, its capitalization was $ 3.6 billion.
Trading volumes are unlikely to convince me that the bear market is over. Only bull market structure and a breakthrough level of $ 4,600. It is interesting that there were many altcoin pamps, while the total market capitalization has not changed much. This suggests that the market receives very little new money.
The total capitalization of the crypto market has reached $ 137.3 billion. At the same time, investors ignored the positive news that the largest Internet service in Japan in May plans to enter the cryptocurrency market and start trading Bitcoin and Ethereum. Cryptorinka has not yet been able to return to sustainable growth. If, after overcoming important levels, such as $ 4,000, there is no strong uptrend period, all this reinforces the skepticism of the market and some speculators begin to withdraw from purchases
Probably in the short term, the main cryptocurrencies will continue to lose in price. Bitcoin may drop to $ 3,800, Ethereum - to $ 130-131, XRP - to $ 0.28, and Litecoin - to $ 57.
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