ETH Below $1,600, BTC Below $21,000 To Start The Week Bitcoinnews

Ethereum Below $1,600, BTC Below $21,000 To Start The Week Bitcoin news

Ethereum continued its recent trend of falling prices to start the week, as the token momentarily traded lower than a significant support level during today’s session. As of the time this article was written, the total market capitalization of all cryptocurrencies has decreased by 1.61% due to the sell-off that occurred on Monday. Bitcoin also experienced a decline, dropping below $21,000 for the second time in three days.

Bitcoin

Bitcoin (BTC) prices started the week in the red, as a mini-rally that occurred over the weekend was followed by a dip in value for the token.

The Bitcoin to US Dollar exchange rate dropped to an intermediate low of $20,939.18 earlier in the day, less than 24 hours after reaching a high of $21,668.85.

This dip caused bitcoin to move closer to its recent support mark of $20,800, which it last struck on Saturday. Nevertheless, bulls have so far been able to prevent a similar occurrence from taking place today.

Taking a look at the chart, it appears that the early momentum of the bear market has somewhat slowed down, and while this article is being written, the token is trading at $21,251.86.

Overall, Bitcoin (BTC) has been trading at a lower price for seven of the past nine trading sessions. As a direct consequence of this trend, a downward cross has formed between the 10-day undulating average (MA) and the 25-day MA.

Even though the support level of $20,800 has so far held intact, it is quite likely that Bitcoin would drop below $20,000 if bearish pressure continues to increase.

Ethereum

As the world’s second-largest cryptocurrency, ethereum (ETH) proceeded to trade at prices lower than $1,600, bearish sentiment was also present in the market for this asset.

On Sunday, the ETH/USD pair reached a high of $1,640.94; but, during today’s trading session, it dropped significantly, reaching a session low of $1,535.01.

Following the decline that occurred on Monday, ETH prices are currently hovering very close to their lowest position since the 27th of July, when they dropped below the $1,500 mark.

Taking a closer look at the chart, we can see that today’s decline in price was precipitated by the 14-day relative strength index moving below its floor at 43.00.

The indicator is currently tracking at 41.90, which is its lowest value since July 12, when ETH was trading at $1,065, and it hasn’t been this low since then.

In contrast to Bitcoin, the moving averages have not yet crossed each other; nonetheless, they are currently at their closest closeness to one another since the middle of July.

  • bitcoinBitcoin (BTC) $ 19,711.26 2.32%
  • ethereumEthereum (ETH) $ 1,336.41 2.32%
  • tetherTether (USDT) $ 1.01 0.44%
  • usd-coinUSD Coin (USDC) $ 1.01 0.47%
  • bnbBNB (BNB) $ 282.31 4.05%
  • xrpXRP (XRP) $ 0.490958 1.52%
  • binance-usdBinance USD (BUSD) $ 1.00 0.29%
  • cardanoCardano (ADA) $ 0.426116 1.54%
  • solanaSolana (SOL) $ 33.01 3.02%
  • dogecoinDogecoin (DOGE) $ 0.062563 4.15%
  • polkadotPolkadot (DOT) $ 6.33 1.84%
  • shiba-inuShiba Inu (SHIB) $ 0.000011 2.83%
  • daiDai (DAI) $ 1.01 0.56%
  • matic-networkPolygon (MATIC) $ 0.840838 0.24%
  • staked-etherLido Staked Ether (STETH) $ 1,333.17 2.09%
  • tronTRON (TRX) $ 0.062795 0.07%
  • uniswapUniswap (UNI) $ 6.95 0.69%
  • avalanche-2Avalanche (AVAX) $ 16.97 2.36%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 19,746.93 2.21%
  • okbOKB (OKB) $ 15.70 0.52%
  • leo-tokenLEO Token (LEO) $ 4.17 0.31%
  • ethereum-classicEthereum Classic (ETC) $ 27.60 2.41%
  • litecoinLitecoin (LTC) $ 52.91 3.17%
  • cosmosCosmos Hub (ATOM) $ 12.88 1.79%
  • chainlinkChainlink (LINK) $ 7.59 3.35%
  • ftx-tokenFTX (FTT) $ 24.83 0.36%
  • stellarStellar (XLM) $ 0.118091 1.44%
  • nearNEAR Protocol (NEAR) $ 3.57 3.27%
  • crypto-com-chainCronos (CRO) $ 0.108774 1.65%
  • moneroMonero (XMR) $ 145.92 0.74%
  • algorandAlgorand (ALGO) $ 0.341508 3.95%
  • bitcoin-cashBitcoin Cash (BCH) $ 116.97 3.95%
  • quant-networkQuant (QNT) $ 136.94 2.1%
  • flowFlow (FLOW) $ 1.68 1.23%
  • vechainVeChain (VET) $ 0.023136 3.15%
  • filecoinFilecoin (FIL) $ 5.47 2.2%
  • apecoinApeCoin (APE) $ 5.14 1.81%
  • internet-computerInternet Computer (ICP) $ 5.96 1.53%
  • chain-2Chain (XCN) $ 0.071846 4.54%
  • hedera-hashgraphHedera (HBAR) $ 0.059152 1.02%
  • fraxFrax (FRAX) $ 1.01 0.14%
  • elrond-erd-2Elrond (EGLD) $ 55.34 0.61%
  • tezosTezos (XTZ) $ 1.41 1.84%
  • the-sandboxThe Sandbox (SAND) $ 0.835578 2.48%
  • decentralandDecentraland (MANA) $ 0.692039 2.11%
  • chilizChiliz (CHZ) $ 0.218873 1.31%
  • eosEOS (EOS) $ 1.15 2.97%
  • axie-infinityAxie Infinity (AXS) $ 12.52 3.63%
  • aaveAave (AAVE) $ 76.65 3.03%
  • theta-tokenTheta Network (THETA) $ 1.06 3.7%
  • lido-daoLido DAO (LDO) $ 1.48 4.66%
  • compound-usd-coincUSDC (CUSDC) $ 0.022784 0.44%
  • bitcoin-svBitcoin SV (BSV) $ 48.34 2.17%
  • paxos-standardPax Dollar (USDP) $ 1.01 0.56%
  • true-usdTrueUSD (TUSD) $ 1.01 0.54%
  • kucoin-sharesKuCoin (KCS) $ 9.05 0.96%
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.66 0.83%
  • ecasheCash (XEC) $ 0.000045 4.18%
  • usddUSDD (USDD) $ 1.01 0.55%
  • makerMaker (MKR) $ 863.48 4.23%
  • bittorrentBitTorrent (BTT) $ 0.00000079 1.21%
  • iotaIOTA (MIOTA) $ 0.266336 2.2%
  • the-graphThe Graph (GRT) $ 0.097710 3.61%
  • zcashZcash (ZEC) $ 54.80 2.78%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.59 2.66%
  • cdaicDAI (CDAI) $ 0.022204 0.69%
  • heliumHelium (HNT) $ 4.96 7.29%
  • gatechain-tokenGate (GT) $ 4.42 0.56%
  • neoNEO (NEO) $ 8.50 2.97%
  • radixRadix (XRD) $ 0.060144 1.24%
  • klay-tokenKlaytn (KLAY) $ 0.188242 1.61%
  • fantomFantom (FTM) $ 0.223526 1.01%
  • huobi-tokenHuobi (HT) $ 4.23 1.47%
  • compound-ethercETH (CETH) $ 26.81 2.23%
  • havvenSynthetix Network (SNX) $ 2.26 1.91%
  • evmosEvmos (EVMOS) $ 1.69 2.21%
  • pax-goldPAX Gold (PAXG) $ 1,702.16 0.54%
  • bitdaoBitDAO (BIT) $ 0.474100 1.63%
  • nexoNEXO (NEXO) $ 0.891939 0.27%
  • osmosisOsmosis (OSMO) $ 1.08 1.37%
  • thorchainTHORChain (RUNE) $ 1.59 3.59%
  • celsius-degree-tokenCelsius Network (CEL) $ 1.11 9.98%
  • rocket-poolRocket Pool (RPL) $ 24.88 1.19%
  • zilliqaZilliqa (ZIL) $ 0.031235 1.29%
  • dashDash (DASH) $ 41.82 1.48%
  • arweaveArweave (AR) $ 9.07 4.88%
  • basic-attention-tokenBasic Attention (BAT) $ 0.299570 2.3%
  • enjincoinEnjin Coin (ENJ) $ 0.446861 1.88%
  • ethereum-name-serviceEthereum Name Service (ENS) $ 17.09 1.76%
  • xdce-crowd-saleXDC Network (XDC) $ 0.031621 3.52%
  • kavaKava (KAVA) $ 1.51 2.81%
  • blockstackStacks (STX) $ 0.322001 1.54%
  • ravencoinRavencoin (RVN) $ 0.036257 2.49%
  • immutable-xImmutable X (IMX) $ 0.746153 4.05%
  • tether-goldTether Gold (XAUT) $ 1,704.51 0.26%
  • terra-luna-2Terra (LUNA) $ 2.49 0.73%
  • defichainDeFiChain (DFI) $ 0.687270 1.96%
  • mina-protocolMina Protocol (MINA) $ 0.584859 0.86%
  • compound-governance-tokenCompound (COMP) $ 58.55 2.04%
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.947939 3.64%
  • kusamaKusama (KSM) $ 43.17 0.59%
  • stepnSTEPN (GMT) $ 0.642569 1.88%
  • amp-tokenAmp (AMP) $ 0.005002 2.1%
  • convex-financeConvex Finance (CVX) $ 5.49 1.25%
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008900 1.36%
  • wavesWaves (WAVES) $ 3.76 2.26%
  • compound-usdtcUSDT (CUSDT) $ 0.022054 0.12%
  • decredDecred (DCR) $ 25.90 2.34%
  • nemNEM (XEM) $ 0.040540 2.81%
  • loopringLoopring (LRC) $ 0.288455 2.89%
  • celoCelo (CELO) $ 0.769161 1.01%
  • bitcoin-goldBitcoin Gold (BTG) $ 20.41 1.52%
  • holotokenHolo (HOT) $ 0.002007 1.01%
  • ecomiECOMI (OMI) $ 0.001257 0.01%
  • gmxGMX (GMX) $ 43.47 5.2%
  • curve-dao-tokenCurve DAO (CRV) $ 0.884138 3.44%
  • gemini-dollarGemini Dollar (GUSD) $ 1.01 0.39%
  • 1inch1inch (1INCH) $ 0.592428 1.08%
  • maiar-dexMaiar DEX (MEX) $ 0.000055 0.05%
  • frax-shareFrax Share (FXS) $ 4.77 0.09%
  • theta-fuelTheta Fuel (TFUEL) $ 0.052500 1.16%
  • galaGala (GALA) $ 0.040774 1.52%
  • nxmNexus Mutual (NXM) $ 43.87 2.08%
  • oasis-networkOasis Network (ROSE) $ 0.059044 2.31%
  • gnosisGnosis (GNO) $ 114.51 1.56%
  • qtumQtum (QTUM) $ 2.82 2.32%
  • olympusOlympus (OHM) $ 10.21 0.1%
  • serumSerum (SRM) $ 0.764846 3.66%
  • terrausdTerraClassicUSD (USTC) $ 0.029008 1.63%
  • kadenaKadena (KDA) $ 1.41 1.84%
  • safemoonSafeMoon [OLD] (SAFEMOON) $ 0.00000001 3.96%
  • iostokenIOST (IOST) $ 0.011755 1.54%
  • iotexIoTeX (IOTX) $ 0.028864 0.09%
  • sushiSushi (SUSHI) $ 1.39 8.12%
  • golemGolem (GLM) $ 0.264083 1.42%
  • huobi-btcHuobi BTC (HBTC) $ 20,006.00 1.62%
  • yearn-financeyearn.finance (YFI) $ 8,123.52 2.96%
  • ankrAnkr (ANKR) $ 0.030070 3.15%
  • msolMarinade staked SOL (MSOL) $ 35.18 3.5%
  • oec-tokenOKC (OKT) $ 13.85 0.75%
  • livepeerLivepeer (LPT) $ 9.30 1.08%
  • convex-crvConvex CRV (CVXCRV) $ 0.862968 2.75%
  • synapse-2Synapse (SYN) $ 1.25 6.02%
  • omisegoOMG Network (OMG) $ 1.68 2.24%
  • harmonyHarmony (ONE) $ 0.019214 2.26%
  • tensetTenset (10SET) $ 1.27 2.89%
  • juno-networkJUNO (JUNO) $ 3.79 1.85%
  • escoin-tokenEscoin (ELG) $ 3.17 0.44%
  • zelcashFlux (FLUX) $ 0.815341 0.4%
  • justJUST (JST) $ 0.025411 0.71%
  • 0x0x (ZRX) $ 0.264220 2.01%
  • iconICON (ICX) $ 0.235206 1.68%
  • magic-internet-moneyMagic Internet Money (MIM) $ 1.00 0.62%
  • tether-eurtEuro Tether (EURT) $ 0.981546 0.5%
  • constellation-labsConstellation (DAG) $ 0.076158 8.09%
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000 2.22%
  • ontologyOntology (ONT) $ 0.223507 1.84%
  • merit-circleMerit Circle (MC) $ 0.662504 1.97%
  • balancerBalancer (BAL) $ 5.17 0.89%
  • nucypherNuCypher (NU) $ 0.151617 1.59%
  • moonbeamMoonbeam (GLMR) $ 0.472807 4.75%
  • hiveHive (HIVE) $ 0.498060 0.71%
  • waxWAX (WAXP) $ 0.085239 0.92%
  • linkLINK (LN) $ 29.12 1.11%
  • optimismOptimism (OP) $ 0.844969 2.06%
  • siacoinSiacoin (SC) $ 0.003471 1.65%
  • chiaChia (XCH) $ 33.84 0.7%
  • alchemix-usdAlchemix USD (ALUSD) $ 1.00 0.13%
  • zencashHorizen (ZEN) $ 13.67 3.28%
  • liquity-usdLiquity USD (LUSD) $ 1.04 0.41%
  • audiusAudius (AUDIO) $ 0.208479 2.24%
  • secretSecret (SCRT) $ 0.939306 0.09%
  • ergoErgo (ERG) $ 2.79 2.86%
  • songbirdSongbird (SGB) $ 0.019783 0.3%
  • safemoon-2SafeMoon (SFM) $ 0.000290 0.55%
  • dydxdYdX (DYDX) $ 1.23 1.95%
  • umaUMA (UMA) $ 2.29 0.62%
  • dao-makerDAO Maker (DAO) $ 1.35 3.06%
  • ethosVoyager VGX (VGX) $ 0.504586 4.87%
  • neutrinoNeutrino USD (USDN) $ 0.985246 0.8%