Bitcoin slid under $25,000 on Thursday morning as losses on major tokens $XRP and $ADA extended to as much as 7.4% in 24 hours. By shauryamalwa
Cryptocurrencies fell Thursday with bitcoin dropping below $25,000 and XRP and Cardano’s ada extending 24-hour declines to as much as 7.4%. Total market capitalization lost 3.8% in the past 24 hours, CoinGecko data shows.
"Bitcoin has retreated to local resistance levels from August last year to February this year," Alex Kuptsikevich, a senior market analyst at trading firm FxPro, said in an email to CoinDesk."The bulls may try to hold the sell-off near this level, but the current decline is still within the descending channel that has been in place since April."
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