The cryptocurrency market fell at the start of the new week. Bitcoin fell below the key level of $ 4,000 to 3,970. Despite the optimism of some analysts, another professional trader, The Crypto Dog, stated recently that in the short term, Bitcoin will likely drop to as low as $3500 level. Meanwhile, most cryptocurrency traders and analysts are watching with hope at the upper limit of the current trading range - a price tag of $4200, which will probably become a new level of strong resistance. According to a major cryptocurrency analyst DonAlt, "cryptowinter" will not come to its end before Bitcoin reaches a threshold of $4600 and begins moving to $5000 and further to $6000 level.
Ethereum declined to support 135 dollars. The price of XRP fell to a level of $ 0.3040, despite the fact that Bitrue cryptocurrency service added basic XRP token pairs with Basic Attention Token (BAT), DASH and STORM. This is quite good news for cryptocurrency, since the emergence of base pairs as a whole significantly increases liquidity.
The Cardano project upgraded its blockchain network to a new version, which immediately affected the price of the token, the rate of which increased by 22% over the past few days. The new release has added several improvements, including an increase in performance when displaying lists with a large number of transactions and wallet addresses, features for determining insufficient disk space, and a new screen displaying the block storage consolidation process. The ADA cryptocurrency rate reached the level of $ 0.60, which allowed it to take the tenth line in total capitalization. Earlier it was reported that the large cryptocurrency exchange Coinbase plans to add support for the ADA token in the near future.
In our forecast for Tuesday, we expect a further decrease in Bitcoin to the levels of 3950, 3920 and 3900 dollars, Ethereum to marks of 132, 130, 128 dollars, and the fall of XRP to the support of 0.3020, 0.3000 and 0.2975 dollars.
From the news it is worth noting that through XRP you can now buy other cryptocurrencies, as well as acquire XRP for Fiat. The latter is not available to every type of token. Only in the case of declaring a cryptocurrency base, you can buy it, for example, for dollars directly.
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