Bitcoin, Ethereum and XRP are falling: is this just a reset before the next leg?
Market / Price
Bitcoin (BTC), Ethereum (ETH) and XRP remained under pressure on Friday as the broader cryptocurrency market extended its weekly decline. Bitcoin has lost more than 4% this week and trades below $77,000, while Ethereum and XRP have fallen approximately 2.5% and 5%. ETH recently faced rejection at a major resistance level, while XRP's break below its 200-day exponential moving average points to a weakening near-term outlook. Despite Bitcoin's pullback, its position above several important moving averages suggests that the broader bullish trend remains intact. Bitcoin price drops more than 4% this week Bitcoin is trading around $77,150 on Friday after briefly dropping below the $77,000 level, shedding more than 4% since the beginning of the week.
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