Bitcoin $59545, Dogecoin $0.54, Ripple $1653. Cryptocurrencies Price Prediction – European Wrap

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The cryptocurrency market experienced a crash as the flagship cryptocurrency tumbled. Although some altcoins are recovering, Bitcoin price is still scrambling to find a support level and might trigger another sell-off soon.

BTC/USDT 6-hour chart

 

 

 

Dogecoin (DOGE/.USD) has jumped by around 20% to $0.54 in a swift move Elon Musk, founder of Tesla and SpaceX tweeted a poll asking if his company should accept this cryptocurrency as a means of payment. It seems to have ended its consolidation.

 

XRP price was among many altcoins that crashed as Bitcoin price shed roughly 9% on Monday. While Ripple seems to be recovering, there could be another leg down before the markets start to recover.

XRP/USDT 4-hour chart

 

 

 

 

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