Inflation data from the United States led to a harsh correction both in stock markets and crypto currencies. Bitcoin (BTC), Ethereum (ETH) and XRP fell below significant support levels with investors’ increasing uncertainty. The decrease in transaction volumes and increased sales pressure triggered panic in the crypto market.
XRP: The hardest decline in this coin! But is there a return signal?
XRP has lost 12 %in the last 48 hours and Coin was the hardest decline among large crypto currencies. Despite the victory of the SEC, this decline shows that investors are turning to short -term profit sales. Technically, the decrease of XRP progresses within the framework of a shoulder-head-form formation.
However, according to experts, the XRP’s exceeding $ 3 level may invalidate this decrease formation. This means a potential trend return. Investors carefully follow this critical resistance level.
Bitcoin (BTC): It dangled below $ 83,000 – 80k is coming?
Bitcoin lost 2 %value during the day and fell below $ 83,000. The correction process, which starts at $ 90,000, gained momentum, while Analyst Alı emphasized that Bitcoin’s sales side rate fell to 0.086 %. This ratio was seen before during the periods of BTC’s strong rise.
If the pressure of the bears continues, the BTC can test $ 80,000 in the short term. However, if the bulls gain dominance again, the target is determined as $ 90,000. The next few days will be critical in terms of direction determination.
Ethereum (ETH): Is it going for $ 1,800? Whale intake attracted attention
Ethereum has declined below $ 1,900 and experienced one of the most striking decreases of the last day. While 136 million dollars of liquidation occurs, investors think that ETH can test their critical support in $ 1,800.
An interesting development came from whale movements. A crypto whale made a total of 3,195 ETH from $ 1,868 and made a purchase of approximately $ 6 million. This whale has purchased a total of 29,341 ETH since March 26. These purchases keep the possibility of a short -term recovery alive.
Where does the crypto market go?
In general, the crypto market is in search of direction with the uncertainty of inflation data. Crypto assets with stocks are also under pressure. However, the moves of major investors can bring sudden changes in direction in prices. In particular, critical levels in BTC, ETH and XRP should be on the radar of investors.
