Bitcoin price topped near the USD 58,000 level before starting a major decline. BTC’s selloff was triggered by the Tesla news. The price dropped sharply and is currently (05:00 UTC) correcting losses.
Similarly, most major altcoins declined heavily. ETH broke the USD 4,000 support zone and it even tested the USD 3,500 level. XRP/USD also spiked sharply below the USD 1.40 and USD 1.30 support
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