After struggling to gain bullish momentum above USD 40,000, there was a downside correction. BTC declined heavily and traded below the USD 38,000 and USD 36,500 support levels. It traded towards the USD 32,500 support and it is currently (05:00 UTC) recovering towards USD 36,500.
Similarly, there was a sharp downside correction in most major altcoins, including ethereum, EOS, XRP, XLM, LINK, BNB,