Bitcoin, Ethereum and Ripple lead the entire crypto market to record the most devastating losses in March. Bitcoin price holds ground above $8,000 as Ethereum and Ripple try to force a recovery above primary support zones. All the top three cryptocurrencies; Bitcoin, Ethereum and Ripple were put to their ultimate test following the bearish wave that swept across the cryptocurrency market. The entire market reacted in tandem with the major cryptos, posting massive losses as well. At the time of writing, the intraday charts show buyers trying to find balance after the gruesome weekend session. The market is a mixture of red and green signals, however, most digital assets are holding the ground closer to their primary support areas. BTC/USD, for instance, is holding marginally above $8,000 after plunging from highs close to $9,000 on Sunday. Bitcoin price recovery on Monday lost steam at $8,183, leaving the key $8,200 untested. The prevailing trend is bearish while the volatility is high, which means that the sellers are in the driver’s seat. It is essential that $8,000 continues to hold as support while the bulls plot the next move towards $9,000. Read more: Bitcoin Price Analysis: Turmoil as BTC/USD crash almost hits $8,000 ETH/USD was not spared by the furious bearish wave on Sunday. The cryptocurrency was forced beneath several support zones including $220 and $200. Primary support at $200 came in handy, stopping the losses. At the time of writing, ETH/USD is trading at $201. The bullish trend and high volatility signal that a recovery is in the offing. XRP/USD dive over the weekend erased most of the progress that had been made in both January and February. The cryptoasset’s losses stopped within a whisker of $0.20. However, recovery is underway with Ripple price teetering at $0.2086. XRP/USD is the most improved among the top after posting over 2% in gains on the day. Chart of the day: BTC/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 NZD/USD Price Analysis: Off lows by more than 250 pips FX Street 2 years Bitcoin, Ethereum and Ripple lead the entire crypto market to record the most devastating losses in March. Bitcoin price holds ground above $8,000 as Ethereum and Ripple try to force a recovery above primary support zones. All the top three cryptocurrencies; Bitcoin, Ethereum and Ripple were put to their ultimate test following the bearish wave that swept across the cryptocurrency market. The entire market reacted in tandem with the major cryptos, posting massive losses as well. At the time of writing, the intraday charts show buyers trying to find balance after the gruesome weekend session. The market is a mixture… 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.
