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Bitcoin falls to $21,000, Ethereum tests $1.1k, FTM, THETA, and GALA Performers

by | Jun 14, 2022 | News | 0 comments

  • The price of Bitcoin has fallen below the $22,000 mark.
  • XRP is nearing USD 0.30 and Ethereum is below USD 1,120.
  • This year’s top performers are FTM, THETA, and GALA.

Bitcoin falls to $21,000, Ethereum tests $1.1k, FTM, THETA, and GALA performers.

The price of Bitcoin continued to fall and fell below the USD 25,000 level. BTC briefly fell below the $21,000 mark before regaining nearly $22,000 earlier this week. As of this writing (03:51 UTC), a major support level is located at USD 20,500. BTC has dropped by 14% in the last day and by 30% in the last week.

In a similar vein, the majority of the most popular alternative cryptocurrencies saw their prices plummet dramatically. After falling below USD 1,100, ETH and XRP both bounced back, while ADA remains above the USD 0.42 support level.

The Bitcoin falls

The price of bitcoin has been struggling to maintain above the USD 25,000 support after a close below USD 26,500. As a result, Bitcoin falls (BTC’s) losses intensified, and it tested the USD 21,000 level.. level.. The bears could target the USD 20,000 support if they break below the USD 20,500 level.

On the upside, the USD 22,500 resistance zone serves as an immediate barrier. The USD 23,200 level is currently developing as the next significant resistance.

According to Mark Newton of Fundstrat Global Advisors, according to Bloomberg, Bitcoin is “coming closer to intermediate-term levels of support, which implies buying dips towards the end of the second quarter.”

The Ethereum price

Ethereum’s price continued to fall below the $1,500 support level. It fell more than 14% and traded below the $1,250 support level. ETH In fact, it fell as low as $1,080 before climbing back up to $1,160. If the price falls below USD 1,000, it could accelerate towards USD 880 as the next significant support level.

On the upside, the USD 1,200 level serves as an immediate barrier. USD 1,250 is the next significant level of resistance; if the price breaks through this level, we could see a rise towards USD 1,350.

The ADA, BNB, SOL, DOGE, and XRP price

A major USD 0.50 support level for Cardano (ADA) was breached. There was a drop below USD 0.45, but it was limited in scope. The price is currently consolidating around USD 0.45, with USD 0.48 serving as a significant resistance.

Below USD 225 and USD 220, BNB fell precipitously. It is down by 9% and briefly traded as low as USD 200 before reversing course and returning to USD 220. The price could fall as low as USD 188 if further losses occur.

Solana (SOL) continued to fall below the USD 28 mark. The bulls, on the other hand, were able to keep the price above the USD 25 support level. The USD 22 level is the next significant support level.

Under USD 0.0550, DOGE experienced a significant drop. It dropped as low as USD 0.050 before bouncing back. A closing below USD 0.050 might lead to a drop to USD 0.042, or even lower.

XRP fell below the USD 0.32 support level. After a brief dip below USD 0.30, the bulls reemerged. The price has stabilized around USD 0.30.

Other altcoins are on the market now

More than a dozen altcoins have lost more than 10% of their value in the last 24 hours. FTM, THETA, and GALA are among the top 100 cryptoassets in terms of market value today, having risen between 11 and 13 percent in a single day, respectively. The three, on the other hand, is down 11% – 34% in the last week.

The price of bitcoin is rapidly tumbling below the USD 22,500 mark. If BTC falls below USD 20,000, it could possibly test the USD 18,800 support level. “

Swap your cryptos now due to Bitcoin falls

It’s tough to tell which crypto will overtake its present benchmark in the current market condition. Because fear is the most common obstacle people face, it’s important to educate yourself on the market and make an informed decision, you can use SwapWolf to swap your tokens.

Disclaimer: NFTs and crypto goods are both unregulated, which means they carry a significant level of risk. If you lose money in these transactions, you may have no remedy from the government.

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