Bitcoin Drops! How Many Dollars in Bitcoin? 19 August 2022

Cryptocurrency markets started today with sharp drops, with the total volume of cryptocurrencies falling by 5 percent to $1.02 trillion. Let’s examine the latest situation in Bitcoin (BTC), Ethereum (ETH) and XRP together. How many dollars in bitcoin? At what level is the Ethereum price? What’s the latest in XRP?

Bitcoin (BTC) Latest Status

Bitcoin started the day with a 5.67 percent drop. Bitcoin suffered a serious decline, breaking the minor uptrend. BTC, which has been trying the $24,000 resistance for a few days, could not overcome the resistance and experienced a serious decline after the reaction from the resistance. The serious volume drop in Bitcoin was also reflected in the price.

Bitcoin 4-hour chart

It will be critical for Bitcoin to hold onto the 20,000 resistance from here on out. If Bitcoin fails to hold on to the $20,000 resistance, there will be greater losses in the market. For this reason, the $20,000 region is very critical. Bitcoin is trading at 21,790 as of the time of writing.

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Ethereum (ETH) Latest Status

Looking at the price action on the Ethereum (ETH) side, ETH started the day with a 5 percent decline. The level that Ethereum is currently trading at is a minor support. Ethereum, like Bitcoin, started the day with a serious decline. It’s good for the market that Ethereum is holding on to the current support. The next level of resistance is near $1800.

Ethereum 4-hour chart

If Ethereum falls further from here, we can say that our next support is the $1500 level, and the next resistance is the $1800 level. As of writing, Ethereum is trading at $1,753.

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XRP Latest Status

XRP also faced the day lower. XRP is down 6.51%, currently trading at $0.34. While XRP could not hold an upper support at $ 0.36, it received a reaction from the support at $ 0.33 and carried itself up a little.

XRP 4-hour chart

The next target zone in XRP could be the $0.36 level. The region we are in now works as a strong support. If it falls further from here, we can say that the next support in XRP is $ 0.3.