Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure mid-week, as the broader cryptocurrency market struggles to regain recovery momentum after last week’s massive correction.
Cryptocurrencies remain broadly pressured on Monday, with Bitcoin (BTC) hovering around $70,000, Ethereum (ETH) below $2,000, and Ripple (XRP) near $0.25.
Ripple (XRP) and Stellar (XLM) are extending losses on Tuesday as both lose momentum. Broader market bearish sentiment and uncertainty, with Bitcoin (BTC) back to $70,000, add to downside pressure, while the biased wipeout of long positions in the derivatives market confirms a sell-side dominance.