Crypto Market Update: BTC and ETH Fall, XDC and LEO Show Potential


The Bitcoin (BTC) market has been cooling in the previous 24 hours, with the price dropping to a 24-hour low of $24,135.47 owing to rising negative sentiment. This negative trend persisted until press time, with the price valued at $24,048.35, a 7.66% drop despite achieving a 90-day high in the previous 48 hours.

If the bears continue to outnumber the bulls, BTC’s $24,135.47 support level may be breached, and the subsequent support levels may be at $23,500 and $22,000, respectively. If the bulls regain control, Bitcoin may try to break through the barrier at $25,000 and set a new all-time high.

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The market capitalization fell 6.95% to $467,379,915,841, indicating that investors may be taking gains and waiting for a more precise direction before getting back in. The 24-hour trading volume increased by 2.06% to $49,574,571,838, showing a likely rise in short-term trading activity as investors respond to the market downturn and attempt to capitalize on future purchasing opportunities.


Ethereum (ETH) bulls have succumbed in the previous 24 hours, with prices retreating from an intraday high of $1,761.63 to an intraday low of $1,616.63. As of this writing, ETH was trading at $1,628.11, a 7.35% drop from its previous high.

If bearish sentiment remains, ETH may breach the $1,616.63 support level, and the following support levels may be at $1,500 and $1,400, respectively. But, if market sentiment shifts and purchasing pressure develops, ETH can break through resistance levels and advance towards its recent high testing barrier around $1800, perhaps hitting new all-time highs.

During the decline, the market capitalization fell by 7.42% to $199,513,952,553, while 24-hour trading volume increased by 0.93% to $14,400,064,651, indicating that some investors may see this drop as a buying opportunity, which could potentially contribute to a shift in market sentiment and increase buying pressure for ETH.


XDC Network (XDC) began the day with a bull-bear battle, with prices retracing to a low of $0.02989 before finding support. Bulls quickly brushed bear domination under the rug and shot the XDC price to a new 90-day high of $0.03232. This bullish momentum lasted until the press when the XDC price increased by 6.29% to $0.03196.

If the bullish trend in the XDC market continues, the $0.03232 barrier level may be broken, and the subsequent resistance levels may be located at $0.034 and $0.036. If bearish pressure prevails, the support levels to monitor are $0.029 and $0.027.

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During the upturn, the market capitalization and 24-hour trading volume increased by 6.17% and 50.23%, respectively, to $441,248,297 and $2,825,118. This increase implies a strong positive momentum and represents investors’ growing confidence in the market and active trading, which might soon lead to more price gains.


In the previous 24 hours, the price of the UNUS SED LEO (LEO) fell to a 7-day low of $3.32 before finding support. As a consequence of this slump, bulls awoke and managed to reverse the bear trend, raising the price to a 24-hour high of $3.40. The bullish control was strong enough for the LEO price to rise to $3.39, a 1.27% gain from its previous closing.

Bullishness in the LEO market may break over the $3.40 resistance level, with the following resistance levels being $3.50 and $3.60, depending on the intensity of the purchasing demand. If the bullish momentum fades, the critical support levels to monitor are around $3.20, followed by the crucial support level of around $3.00. A decline below this level might indicate a bearish trend and more depreciation in the LEO market.

The market capitalization increased by 138% to $3,217,704,507, while the 24-hour trading volume decreased by 31.17% to $960,573, indicating that investors are still interested in LEO despite the recent drop. However, caution is advised because the decrease in trading volume may indicate a decrease in demand and potential price drops.


Crypto markets experience mixed performance as BTC and ETH face bearish pressure, while XDC and LEO showcase bullish momentum.