• About
  • Advertise
  • Privacy & Policy
  • Contact
Cryptos Valuator
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
Cryptos Valuator
No Result
View All Result
Home Bitcoin News

Bitcoin Dips Below USD 50K, Ethereum Drops, USD 3.5B Liquidated

July 2, 2021
in Bitcoin News
0
Bitcoin Dips Below USD 50K, Ethereum Drops, USD 3.5B Liquidated
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Bitcoin price struggled to clear the USD 55,500 resistance and it started a fresh decline. BTC declined below the USD 53,200 and USD 52,000 support levels. It even spiked below USD 50,000 and it is currently (04:30 UTC) correcting losses.

Similarly, most major altcoins declined heavily. ETH traded to a new all-time high above USD 2,670 before declining heavily below USD 2,300. XRP/USD declined over 15% and it tested the USD 1.00 support.

Total market capitalization

Also, in the past 24 hours, more than USD 3.5bn worth of trading positions (more than 555,000 traders) in the crypto derivatives market were liquidated. Over USD 1.2bn of these were in BTC, per bybt.com data. This comes after USD 10bn was liquidated this past Sunday.

Bitcoin price

After a strong rejection near USD 55,500, bitcoin price started a sharp decline. BTC broke many supports near USD 53,200 and USD 52,000. The bulls even failed to protect USD 50,000. It tested the USD 48,500 support zone and it is now recovering losses above USD 50,000. An initial resistance is near USD 50,800. The first key resistance is now forming near the USD 52,000 level.
On the downside, the USD 49,500 level is a decent support. If there are more downsides, the price may possibly test the USD 48,000 level in the near term.

“Bitcoin has slipped below the 50-day moving average support that it held sacrosanct through this rally,” Pankaj Balani, CEO of Delta Exchange, told Bloomberg. “It looks like there is more downside here.”

Ethereum price

Ethereum price surged above the USD 2,600 level and traded to a new all-time high. However, the recent bearish reaction in the market sparked a decline in ETH below the USD 2,400 support. The price dropped sharply and it even broke the USD 2,250 support.
It traded close to USD 2,100 before correcting higher. It is now trading above USD 2,200, but the bulls might struggle for a close above the USD 2,300 level.

BNB, ADA, DOGE, and XRP price

Binance Coin (BNB) failed to clear the USD 580 resistance and it declined over USD 100. BNB broke the USD 500 level and it tested the USD 450 support. The price is now consolidating, with an immediate resistance at USD 505. The key resistance is now forming near the USD 525 level.
Cardano (ADA) extended its decline below the USD 1.20 support. ADA even broke the USD 1.050 support level and it is now consolidating above USD 1.00. If there are more losses and a close below USD 1.00, the bears might aim for a test of the USD 0.85 support zone.
Dogecoin (DOGE) is down over 20% and it even broke the USD 0.250 support level. DOGE spiked below USD 0.210 and it is now showing a few signs of a recovery. On the upside, the bulls might face resistance near USD 0.240 and USD 0.250.
XRP price is down over 15% and it broke many important supports near 1.20. The price even spiked below the USD 1.00 level and it is now consolidating losses. If there is a close below USD 1.00, the bulls might lose control in the near term.

Other altcoins market today

Many altcoins declined over 15%, including IOST, DGB, SC, BSV, XEM, BTT, HOT, ONT, RVN, KLAY, QTUM, FTM, CHZ, TRX, XVG, and ZIL. Out of these, IOST and DGB are down over 25%. BTG rallied over 10% and moved above USD 100, before correcting lower again.

Overall, bitcoin price is gaining bearish momentum below USD 52,000. However, if there is no daily close below USD 50,000, there are chances of a further recovery.
_____

Find the best price to buy/sell cryptocurrency:

Previous Post

BitMEX Confirms Expansion Plans, Focus On Derivatives Remains

Next Post

The Best Place to Buy Gift Cards with Cryptocurrency in 2021

Next Post
The Best Place to Buy Gift Cards with Cryptocurrency in 2021

The Best Place to Buy Gift Cards with Cryptocurrency in 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 123 Followers
  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

June 23, 2021
Newegg Expands Bitcoin Payment Option To 73 More Countries

Newegg Expands Bitcoin Payment Option To 73 More Countries

July 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Black Friday Drags Crypto Market Down, Bitcoin & Ethereum Price Plunges

August 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Enterprise Ethereum Alliance Opens Regional Office In South Korea

August 6, 2021
UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

Why is ZCash Price Rising ? | Latest Crypto News

Why is ZCash Price Rising ? | Latest Crypto News

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

June 9, 2023
PayPal Sees Record-High Crypto Deposits, Reaching $943M

PayPal Sees Record-High Crypto Deposits, Reaching $943M

June 7, 2023
Bitcoin Might Be Accepted as Payment Option for Government Services in Liechtenstein – PM

Bitcoin Might Be Accepted as Payment Option for Government Services in Liechtenstein – PM

June 5, 2023
MicroStrategy Turns Profitable in Q1 after Betting Big on Bitcoin

MicroStrategy Turns Profitable in Q1 after Betting Big on Bitcoin

June 2, 2023

Recent News

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

June 9, 2023
PayPal Sees Record-High Crypto Deposits, Reaching $943M

PayPal Sees Record-High Crypto Deposits, Reaching $943M

June 7, 2023
Bitcoin Might Be Accepted as Payment Option for Government Services in Liechtenstein – PM

Bitcoin Might Be Accepted as Payment Option for Government Services in Liechtenstein – PM

June 5, 2023
MicroStrategy Turns Profitable in Q1 after Betting Big on Bitcoin

MicroStrategy Turns Profitable in Q1 after Betting Big on Bitcoin

June 2, 2023
Cryptos Valuator

Follow Us

Browse by Category

  • Altcoin News
  • Bitcoin
  • Bitcoin News
  • Blockchain
  • Blockchain News
  • Business
  • Coins
  • Cryptocurrency
  • Cryptonews Deals
  • DeFi News
  • Economy
  • Ethereum
  • Ethereum News
  • Events
  • Exchanges
  • General
  • ICOs
  • Industry Talk
  • Markets
  • News
  • NFT News
  • Opinion
  • Press Releases
  • Regulation
  • special site
  • Sponsored
  • World

Recent News

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

June 9, 2023
PayPal Sees Record-High Crypto Deposits, Reaching $943M

PayPal Sees Record-High Crypto Deposits, Reaching $943M

June 7, 2023
  • Terms & Conditions
  • Privacy Policy

© 2021 Cryptos Valuato

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges

© 2021 Cryptos Valuato