{"id":12837,"date":"2022-04-05T07:35:52","date_gmt":"2022-04-05T07:35:52","guid":{"rendered":"http:\/\/egrowonline.com\/?p=12837"},"modified":"2022-04-05T07:35:52","modified_gmt":"2022-04-05T07:35:52","slug":"is-the-cryptocurrency-market-going-to-face-a-sharp-fall-soon","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12837","title":{"rendered":"Is the cryptocurrency market going to face a sharp fall soon?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<p>The new week has begun\u00a0neutral for the cryptocurrency market as neither bulls nor bears are dominating at the moment.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/Chart1-637847329649746368.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"Chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/Chart1-637847329649746368.png\" style=\"width: 1292px;height: 831px\" \/><\/a><\/p>\n<p><small>Top coins by CoinMarketCap<\/small><\/p>\n<h2 class=\"fxs_headline_medium\">BTC\/USD<\/h2>\n<p>Bitcoin (BTC) has started the first week of April with the drop, going down by 0.53%.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/BTCUSD-637847330118954005.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"BTCUSD\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/BTCUSD-637847330118954005.png\" style=\"width: 1823px;height: 879px\" \/><\/a><\/p>\n<p><small>BTC\/USD chart by TradingView<\/small><\/p>\n<p>Despite the drop, BTC remains bullish as its rate is above the support level at $44,766. Thus, the selling trading volume is low, which means that bears are not\u00a0powerful enough for a\u00a0prolonged fall. In this case, there is a chance to see the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/volatility\" rel=\"noopener\">volatility<\/a> decline and sideways trading in the range of $44,500-46,500.<\/p>\n<p>Bitcoin is trading at $45,697 at press time.<\/p>\n<h3 class=\"fxs_headline_medium\">ETH\/USD<\/h3>\n<p>Ethereum (ETH) has lost more\u00a0than BTC as the main <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\" rel=\"noopener\">altcoin<\/a> has fallen by\u00a00.72% over the last 24 hours.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETH-637847330606218448.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"ETHUSD\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETH-637847330606218448.png\" style=\"width: 1823px;height: 879px\" \/><\/a><\/p>\n<p><small>ETH\/USD chart by TradingView<\/small><\/p>\n<p>Ethereum (ETH) is looking more bearish as the price has broken the local level at $3,483. Even though the scenario is not bearish yet as the rate is trading in a\u00a0wide range, the rate can restest the support level at $3,300 if it does not come back above $3,500 until the end of the day.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/ethereum\" rel=\"noopener\">Ethereum<\/a> is trading at $3,441 at press time.<\/p>\n<h3 class=\"fxs_headline_medium\">XRP\/USD<\/h3>\n<p>XRP is the biggest loser from the list as its rate has declined by 0.80% since yesterday.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRP-637847331220835618.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"XRPUSD\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRP-637847331220835618.png\" style=\"width: 1823px;height: 879px\" \/><\/a><\/p>\n<p><small>XRP\/USD chart by TradingView<\/small><\/p>\n<p>XRP is trading sideways as none of the sides have accumulated enough power for a further sharp move. If\u00a0today&#8217;s price drop continues and the rate comes back to\u00a0$0.80, one may expect a fall to the zone around $0.75, where most of the actions happens before the growth.<\/p>\n<p>XRP is trading at $0.8217 at press time.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/is-the-cryptocurrency-market-going-to-face-a-sharp-fall-soon-202204050526\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new week has begun\u00a0neutral for the cryptocurrency market as neither bulls nor bears are dominating at the moment. Top coins by CoinMarketCap BTC\/USD Bitcoin (BTC) has started the first week of April with the drop, going down by 0.53%. BTC\/USD chart by TradingView Despite the drop, BTC remains bullish as its rate is above [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[52,1510,951,219,5637],"class_list":["post-12837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cryptocurrency","tag-face","tag-fall","tag-market","tag-sharp"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/bitcoin-39275418_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12837"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12837\/revisions"}],"predecessor-version":[{"id":12839,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12837\/revisions\/12839"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/12838"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12837"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}