<span style="font-weight: 400">For the better part of yesterday and today, crypto markets are trending the red line with red candlesticks </span><a href="https://www.publish0x.com/crypto-info/interpreting-bitcoin-charts-learn-how-use-candlestick-charts-xgvjom"><span style="font-weight: 400">painting</span></a><span style="font-weight: 400"> entire charts. The bearish news is that despite a promising start of the week, Bitcoin has closed with a price point below $8,500. In fact, the major digital currency has been trading within a sharp range from $8,700 and $8,600. Ethereum on the other side is playing against the $175 and $180 support levels. </span>
<h2>Bitcoin Downswing</h2>
<span style="font-weight: 400">Meanwhile,  it has taken a rough down swing below the $8,500 price point during recent hours. The current press time price is $8,463, representing a loss of 2.86% since yesterday. It seems the weekend is upto no <a href="https://www.cryptoknowmics.com/crypto/bitcoin-is-the-best-performing-asset-of-2019/">good</a> for the bulls. </span>

<span style="font-weight: 400">Rather, Bitcoin's price struggle to attain higher points almost ascertains Tom Lee’s prediction of $25,000 by 2022. Tom Lee stated: </span>
<blockquote><i><span style="font-weight: 400">“Cryptocurrencies are network value assets, meaning the more people hold the asset, the greater the value. In fact, it’s a log function — so if you double the users hold it, you get a quadrupling of value. To go to $25,000 you essentially need a little less than 4x rise, which means you need to double the number of people who hold Bitcoin.”</span></i></blockquote>
<h2><strong>ETH</strong></h2>
<span style="font-weight: 400">On the other hand, Ethereum is presently at the $180 mark. The leading altcoin has been trading in perfect synchronization with Bitcoin; and shows a downtrend towards the current trading position, resulting from a 48 hours loss of approximately 3%. </span>
<h2><strong>XRP</strong></h2>
<span style="font-weight: 400">Further to XRP, the world’s number three coin by market cap. Red candlesticks are the order of the chart. The coin has been losing ground consistently for the past week. Well, the coin is currently trading at $0.261, a significant drop of 3.20% in the 24-hour chart. Analysts are expecting a further XRP price drop to the next support $0.24508. </span>

Well, the majority of the top 20 crypto coins are showing red candlesticks. Tezos (XTZ) is leading with the biggest loss of almost 5%. Monero (XMR) is following closely and currently trades at $62.5.

Crypto Markets Crossing the Red Line, ETH  Perfect Synch with BTC

Ethereum is presently at the $180 mark. The leading altcoin has been trading in perfect synchronization with Bitcoin; crypto markets are trending the red...

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

Crypto Markets Crossing the Red Line, ETH Perfect Synch with BTC

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