Ripple (XRP) is extending its decline, trading at $2.17 at the time of writing on Wednesday. The cross-border remittance token was rejected at $2.30 on Monday, reflecting a sticky bearish sentiment in the broader cryptocurrency market despite steady inflows into Exchange Traded Funds (ETFs).
Cardano (ADA) is largely in bearish hands, trading above support at $0.45 at the time of writing on Tuesday. The downtrend builds on a bearish outlook that has weighed on the smart contracts token since July, when ADA peaked at $1.02.
Bitcoin (BTC) has maintained its strong correlation with the NASDAQ-100 index. However, recent price action shows the top crypto only follows the index during periods of price declines.