This week started with a fresh increase in selling pressure on bitcoin below the USD 5,500 resistance area. BTC/USD broke a couple of key supports near the USD 5,200 and USD 5,000 levels to enter a bearish zone. It seems like there are chances of more losses below USD 4,800 and USD 4,750.
Similarly, all major altcoins are declining and gaining bearish momentum (08:30 UTC), including ethereum, XRP,