Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The corrrection continues on the cryptocurrency market, according to CoinStats.

BTC/USD

The rate of Bitcoin (BTC) has declined by 1.25% over the past day.

On the daily chart, the price of BTC has bounced off the $62,000 zone. At the moment, one should pay attention to the candle's closure. 

If it happens far from that mark, traders may expect local growth to the $63,500-$64,000 area soon.

Bitcoin is trading at $62,797 at press time.

ETH/USD

Ethereum (ETH) is the biggest loser today, going down by 4.42%.

The rate of the main altcoin is going down after yesterday's bearish closure. If the bar closes around current prices, the drop may lead to a test of the $3,000-$3,100 zone within the next few days.

Ethereum is trading at $3,172 at press time.

XRP/USD

XRP is not an exception to the rule, declining by 1.55%.

From the technical point of view, the rate of XRP has bounced off the crucial zone of $0.50. This area is vital for bulls as, if they lose it, one can expect a continued drop to $0.48 soon.

XRP is trading at $0.5137 at press time.