Bitcoin price started a downside correction from the USD 58,360 high. BTC broke the USD 57,000 and USD 56,200 support levels to move into a short-term support zone. It even broke the USD 54,000 support and it is currently (13:00 UTC) down over 5%.
Similarly, there were additional losses in most major altcoins. ETH broke the USD 1,850 support and it even traded below USD 1,800. XRP/USD rallied 20%,
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