Bitcoin price extended its decline below USD 50,000 and USD 48,500. BTC even tested the USD 47,500 level before starting an upside correction. It is currently (12:00 PM UTC) consolidating above USD 50,000 and it could move higher.
Similarly, most major altcoins are also recovering. ETH is back above the USD 2,200 and USD 2,250 resistance levels. XRP/USD is also moving up and trading above USD
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