According to CoinMarketCap, the price of Bitcoin has dropped by 2.45% and Ethereum has declined by 4.46% over the past day. Bears are more powerful than bulls on the daily chart, and if today's bar closes near its low, the fall in Bitcoin may continue to the $57,000 range. Ethereum may see a local bounce back to the $2,400 zone if the daily candle closes around current prices. XRP has experienced the least decline, with its rate dropping by 2.2%. The price of XRP is trying to return to its previous bullish trend, but traders may only consider a reversal if the rate reaches the vital area of $0.60 and stays above it, potentially leading to a move to $0.64.



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