Bitcoin price gained momentum above the USD 33,500 resistance, but it failed to stay above USD 34,500. BTC started a fresh decline and traded below the USD 33,500 pivot level. It is currently (05:00 UTC) trading well below USD 32,400 and it remains at a risk of more downsides.
Also, bitcoin’s weakness dragged most major altcoins lower. ETH/USD declined over 8% and it even tested the USD 1,300