Crypto Breaking: Bitcoin Descents to USD 25K, Ethereum Slides USD 1.3K, and CEL Crashes on halted Withdrawals

Bitcoin price struggled to begin a renewed growth above the USD 30,000 resistance and dipped to the USD 25,000 level before moderately recovering. It is currently (at the time of writing)  trading at $25,459.56 USD and is down almost 8% in a day and 15% in a week. 

Likewise, most primary altcoins began to foresee a drastic decline. ETH tested the USD 1,300 level, XRP exchanged below USD 0.35, and tested USD 0.325. ADA fell sharply and stretched the USD 0.462 level.

Total-market-capitalization-crypto-bitcoin-Ethereum
Total Market Capitalization

Also, Read Crypto Market is a mess

Bitcoin price

After a downside crack below USD 29,500, the bitcoin price began a new decline, broke many substantial support zones, and tested the USD 25,000 level before recovering a little. The next significant support is near the USD 24,000 zone, below which the bears could look for a move towards the USD 23,200 level.

The rapid resistance is near the USD 26,500 resistance zone. The main weekly resistance is now developing near the USD 28,500 level.

Ethereum price

Ethereum price also attained bearish momentum below the USD 1,750 support. ETH declined 8% and tested the USD 1,300 level, before recovering towards USD 1,350. ETH is down 25% in a week. The subsequent major support is near USD 1,200, below which the price might actually test the USD 1,000 support.

Looking at the upside, immediate resistance is close to the USD 1,420 level. The successive pivotal resistance is near the USD 1,500 level, above which the price could begin a stronger recovery wave.

ADA, BNB, SOL, DOGE, and XRP price

Cardano achieved bearish momentum below the USD 0.55 support. The price lessened by 9% and traded below the USD 0.50 level. It stretched the USD 0.462 level and stays at a danger of more losses.

BNB descended heavily below the USD 275 and USD 250 support levels. It tested the USD 235 level and is presently cramming losses. The next major support is about the USD 220 level.

Solana (SOL) sank below the USD 35 and USD 32 support levels. It even smashed USD 30 and might persist to move down towards the USD 25 level. The next critical support is around USD 20.

DOGE slipped heavily below the USD 0.0750 support level. It actually traded below the USD 0.060 level. Immediate assistance is near the USD 0.0588 level. The key support is now initiating near the USD 0.0550 level.

XRP price lowered below the key USD 0.35 support area. The price traded tight to the USD 0.325 level. If the bears stay in activity, XRP could slump towards USD 0.30.

Other altcoins market today

Numerous altcoins are down over 10%. These include AVAX, MATIC, DOT, UNI, LINK, NEAR, FLOW, XTZ, SAND, APE, and THETA. While these altcoins are down, CEL crashed 38% in a day after Celsius communicated that it halted all withdrawals, Swaps, and transfers between accounts due to extreme market conditions.

All in all, the bitcoin price is acquiring bearish momentum below USD 26,500. If BTC descents below USD 25,000, it could even push the USD 23,200 support zone.


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