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Tue, Feb 23, 2021 6:53 AM by CryptoNews

Bitcoin Tests USD 50K, Ethereum and Altcoins Drop

Bitcoin price is down over 10% and it broke many important supports near USD 55,000 and USD 52,000. BTC is currently (05:00 UTC) struggling to settle above USD 50,000. A daily close below USD 50,000 may possibly open the doors for more losses towards USD 45,000. Similarly, there were strong bearish moves in most major altcoins. ETH/USD is down over 15% and it is struggling to stay above USD 1,600.

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