The crypto market is bleeding red once again. The cryptos are facing the brunt of the market. The market capitalization decreases and is struggling to surpass the $200.0B resistance area.
Bitcoin Price Analysis:
The most widely used cryptocurrency, Bitcoin has seen a respite last week with a minimum but steady growth. However, this week, the BTC price is again decreasing. As of writing, BTC is trading at $7,237.38 with a slight decrease of -0.80%.
Ethereum Price Analysis:
Ethereum is the next crypto as per the market capitalization list. However, this crypto is also faring in a similar fashion as BTC. With 1.80% decrease, the ETH price is $146.14 against USD as of writing. The one-day chart of ETH shows ups and downs with a current downtrend.
TRON Price Analysis:
Tron price is currently consolidating above the key $0.0150 support area. On the upside, TRX price is facing resistance near the $0.0158 and $0.0160 levels. A successful close above the $0.0160 resistance is likely to lead the price towards the $0.0165 and $0.0167 levels.
Looking at the total cryptocurrency market cap 4-hours chart, there was a bearish reaction from the $208.0B resistance area. However, there are chances of another increase in bitcoin, Ethereum, TRX, LTC, EOS, ripple, etc in the near term.