Bitcoin price failed to settle above the USD 11,000 resistance zone, resulting in a sharp bearish reaction. BTC declined below the USD 10,650 and USD 10,550 support levels. It is currently (08:30 UTC) trading well below USD 10,550 and there are chances of more losses towards USD 10,000.
Similarly, most major altcoins declined heavily below key supports, including ethereum, XRP, litecoin, bitcoin