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 new week has started in a neutral mode on the cryptocurrency market, according to CoinMarketCap.

BTC/USD

The price of Bitcoin (BTC) has fallen by 0.79% over the last 24 hours.

On the daily chart, the rate of BTC is trading sideways as it is far from the support and resistance levels. As none of the sides has seized the initiative yet, ongoing consolidation in the range of $50,500-$52,000 is the more likely scenario for the next few days.

Bitcoin is trading at $51,298 at press time.

ETH/USD

Ethereum (ETH) has not followed the drop of BTC, going up by 0.59% since yesterday.

The price of ETH has made a false breakout of yesterday's bar's peak at $3,120. At the moment, one should pay attention to the candle's closure. If buyers can get back in the game, there is a chance to see a breakout, followed by a further rise to the $3,200 zone.

Ethereum is trading at $3,074 at press time.