The cryptocurrency market resumed the decline; however, Bitcoin and all major altcoins are still locked in tight ranges as global stocks pare gains amid speculation that the second wave of COVID-19 cases could jeopardize an economic recovery across the globe. Traders are wary of going into the weekend with bullish positions as the situation is too uncertain. While the cryptocurrency market seems to be decoupling from the stock indices, a massive run to safety may increase the pressure on Bitcoin and other digital assets. Top-3 coins overview BTC/USD is moving towards $9,000 after a failed attempt to clear $9,300 on Thursday. The first digital asset is moving within a short-term bearish trend, though $9,000 is likely to serve as a backstop as traders tend to buy on dips below this level. Bitcoin is mostly unchanged since the beginning of the day and down 1.3% in the recent 24 hours. BTC/USD daily chart ETH/USD has settled at $226.50, mostly unchanged both on a day-to-day basis and since the beginning of Friday. The price is moving around the upward-looking daily SMA50, which serves as a pivotal point in the short run. The local resistance is created by $230.00, while the support comes at $216.37 (the lowest level of June 27). ETH/USD daily chart XRP/USD regained some ground within the current range, though $0.1800 is still untouhed. The coin attemted a move above $0.1780 (1-hour SMA200), but the recovery proved to be unsustainable. The important resistance is created by $0.1800, while the support comes at $0.1700. XRP/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold Price Analysis: Consolidates around $1775 level, bullish bias remains FX Street 3 years The cryptocurrency market resumed the decline; however, Bitcoin and all major altcoins are still locked in tight ranges as global stocks pare gains amid speculation that the second wave of COVID-19 cases could jeopardize an economic recovery across the globe. Traders are wary of going into the weekend with bullish positions as the situation is too uncertain. While the cryptocurrency market seems to be decoupling from the stock indices, a massive run to safety may increase the pressure on Bitcoin and other digital assets. Top-3 coins overview BTC/USD is moving towards $9,000 after a failed attempt to clear $9,300 on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
