BTC and ETH consolidate losses, ALGO a few inches higher
The bitcoin price tested the $46,000 zone before finding support. BTC began a wave of recovery above $47,000. Currently, there are many hurdles below $48,000.
ETH is facing a tough challenge around $3,780 and $3,800. XRP is trying to create a recovery wave above $0.85 resistance. ADA fell to $1.30 before rising above $1.35.
Many altcoins are up more than 8%, including GNO, ALGO, XDC, ATOM, CELO, MINA, XMR, IMX, CRV, NEAR and RVN. Of these, ATOM stock jumped 9% and approached $29.00. ALGO increased to $1.66, while ALGO increased its earnings to $1.66. THE COMPANY'S SHARES ARE UP $8.5 MILLION.
The bitcoin price is consolidating losses in excess of $47,000. If BTC remains stable above that level, a recovery to the $48,800 level is possible.
