Bears are dominating on the first day of the week, according to the CoinMarketCap ranking.

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BTC/USD

The rate of Bitcoin (BTC) is almost unchanged since yesterday.

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On the daily chart, the rate of Bitcoin (BTC) is more bearish than bullish, as the price has once again bounced off the resistance at $29,508. If nothing changes by the end of the day, traders are likely to see the test of the $29,000 area soon.

Bitcoin is trading at $29,295 at press time.

ETH/USD

Ethereum (ETH) is looking more bearish than BTC as the rate has fallen by 0.76% over the last 24 hours.

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From the technical point of view, Ethereum (ETH) is set to maintain the drop as the price has failed to fix above the $1,870 mark. Currently, a vital thing to watch is buyers’ reaction in the area of $1,850.

If bulls lose that area, the drop may continue to the support at $1,816 soon.

Ethereum is trading at $1,858 at press time.

XRP/USD

XRP is the biggest loser today, going down by 2.49% since yesterday.

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Despite today’s fall, the rate of XRP is trading sideways as neither bulls nor bears have seized the initiative yet. However, if buyers lose the interim level of $0.68, the accumulated energy might be enough for a support breakout, followed by an ongoing correction to the $0.65-$0.66 area.

XRP is trading at $0.6996 at press time.