Are there any altcoins that can rise when Bitcoin (BTC) goes down?

At the second, neither bulls nor bears are dominating as some cash are nonetheless within the inexperienced zone, whereas others have come again to crimson.

Top cash by CoinMarketCap

BTC/USD

Yesterday, within the first half of the day after the morning excessive, the rise within the Bitcoin (BTC) value continued a bit extra to a brand new summer season report close to the $50,560 mark. At the identical time, gross sales volumes started to considerably exceed the typical degree, and the worth began to say no.

BTCUSD

BTC/USD chart by TradingView

Before the tip of the day, the pair rolled again to the extent of $49,000. This morning, the worth returned to the world of the two-hour EMA55, setting a neighborhood minimal at $48,765.

If bears push by way of the extent of common costs, then the closest help—which could restrict the decline—could develop into the $47,745 degree.

Bitcoin is buying and selling at $48,491 at press time.

BNB/USD

Binance Coin (BNB) has joined the record of losers, happening by 2.68% over the previous 24 hours.

BNBUSD

BNB/USD chart by TradingView

Binance Coin (BNB) couldn’t repair above the very important $500 mark, having fashioned a false breakout. At the second, one must pay shut consideration to the extent of $483.

If bears succeed and repair beneath it, there is a excessive risk of seeing the continued decline to a different help at $458.

BNB is buying and selling at $482.87 at press time.

XRP/USD

Yesterday, patrons made a determined try to interrupt by way of the resistance of $1.30, however the XRP value couldn’t maintain above this degree and, within the afternoon, the pair returned to the help of $1.20.

XRPUSD

XRP/USD chart by TradingView

If the market stays optimistic, then the worth of XRP would possibly observe the cryptocurrency flagship to a brand new August excessive across the $1.40 mark.

XRP is buying and selling at $1.1987 at press time.

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About the Author: Daniel