NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Crypto Market Trims $80 Billion: Bitcoin, BCH, EOS, TRX, ADA Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis altcoins

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • The total crypto market cap declined sharply from the $380.0B swing high and even broke $300.0B.
  • Bitcoin price is down more than 20% from the recent high and even broke $11,500.
  • EOS price down more than 15% and it recently broke the key $6.00 support area.
  • BCH price is down around 16% and it recently tested the $400 support area.
  • Tron (TRX) price tumbled below the $0.0350 and $0.0325 support levels.
  • Cardano (ADA) price dived 12% and broke the main $0.0880 support area.

Bitcoin price declined sharply below $11,500, pushing the crypto market cap lower by more than $80B. There were strong bearish moves in Ethereum (ETH). EOS, Tron (TRX), BCH, ripple, ADA and BNB.

Bitcoin Cash Price Analysis

Recently, there was a strong downside reversal in bitcoin cash price from well above $500 against the US Dollar. The BCH/USD pair broke the $480 and $450 support levels to move into a bearish zone. The decline was such that the price broke the $420 support and spiked below the $400 handle.

The price is currently consolidating near the $400 level and it seems like it could correct higher in the near term towards the $415 or $420 level.

EOS, Tron (TRX) and ADA Price Analysis

EOS price also failed to stay above the key $6.50 and $6.20 support levels. As a result, the price even broke the $6.00 support area and it is currently down around 15%. It is trading just above the $5.70 support, below which the price may perhaps test the $5.50 support.

Tron price failed to climb above the $0.0400 barrier and recently started a downward move. TRX price broke the key $0.0350 support level to move back in a bearish zone. Moreover, the price traded below the $0.0320 support and it could decline towards the $0.0300 level.

Cardano price failed to climb above the $0.0980 and $0.1000 resistance levels. ADA price started a strong decline and broke the key $0.0920 and $0.0900 support levels. The price is now trading below $0.0860, but it could recover in the short term.

Bitcoin Crypto Market Cap Altcoins ETH, XRP, BCH, LTC, EOS, TRX, ADA

Looking at the total cryptocurrency market cap 4-hours chart, there was a strong downside reaction from the $380.0B level. The market cap declined more than $80.0B and broke many supports such as $325.0B and $300.0B. It tested the $285.0B support and the 100 SMA on the same chart. It is currently correcting higher, but struggling to climb back above a broken bullish trend line. On the upside, there are many hurdles near the $310.0B and $325.0B levels. Only a successful close above the $325.0B resistance could restart an upward move in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Volgens JPMorgan is de Bitcoin waarde te laag. Is dit bullish Bitcoin nieuws?

JPMorgan: Bitcoin prijs is momenteel laag – $126K Bitcoin voor eind 2025

Als we de crypto experts van de vooraanstaande zakenbank JPMorgan Chase mogen geloven, gaat de Bitcoin koers nog flink stijgen....

Lars Diederiksen 7 hours ago
Bitcoin price

Analyst Says Bitcoin Price Is Heading To $256K — Here’s When

The Bitcoin price never really caught a break over the past week, falling below the $110,000 mark by Tuesday, August...

Opeyemi Sule 9 hours ago
Bitcoin crash

Analyst Forecasts Bitcoin Price Will Break This Support Level, Can $100,000 Hold?

The Bitcoin price is once again under heavy pressure in the market. An analyst has warned that the coin shows...

Sandra White 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Daily Close Spurs Caution – $110,500 Breakdown Could Shift Momentum

Godspower Owie 33 minutes ago
Cardano

Cardano Price To Rise 300% To $4? Analyst Reveals When

Scott Matherson 2 hours ago
crypto

Crypto Tumbles Hard: Google Search Trends Call Last Local Market Top

Opeyemi Sule 6 hours ago

Premium Sponsors

Press Releases

  • Nejlepší meme coiny v ICO ke koupi před altcoinovou sezónou 2025

    Nejlepší meme coiny v ICO ke koupi před altcoinovou...

    7 hours ago
  • アルトコイン注目:リップルCEOが2030年に暗号資産市場25兆ドルを予測

    ...

    11 hours ago
  • BAY Miner

    BAY Miner Launches Next-Gen Mobile App: Unlock $8,777 Daily...

    11 hours ago
  • XRP’s market capitalization surpassed USDT, while DOT...

    12 hours ago
  • ETHスポットETF資金流入急増、今買うべき仮想通貨おすすめ3選

    ...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.