August 3, 2021


Bitcoin & Ethereum Blockchain News

BTC, ETH, XRP, ADA and BNB Price Analysis for June 5

The weekend has begun with a neutral mood on the cryptocurrency market as some coins are in the red zone while others are in green.


Top coins by CoinMarketCap


Bitcoin (BTC) is the loser today as its rate has gone down by 2.58% since yesterday.

BTC/USD chart by TradingView

From the technical point of view, Bitcoin (BTC) is trading in a wide range between $32,000 and $40,000. At the moment, neither bulls nor bears are dominating the market.

However, the selling trading volume keeps declining, which means that a move to $42,000 may happen if the resistance is broken.

Bitcoin is trading at $35,923 at press time.


Ethereum (ETH) has lost less as the price of the main altcoin has declined by 1%.

ETH/USD chart by TradingView

Ethereum (ETH) is trading similarly to Bitcoin (BTC), also in a wide range. The breakout of the levels at $2,040 and $3,110 will be a signal of either bears’ or bulls’ dominance.

Ethereum is trading at $2,637 at press time.


XRP is also not an exception to the rule as the popular altcoin has declined by 2%.

XRP/USD chart by TradingView

Even though XRP is trading sideways, it is more bearish than bullish as, after a bounceback, the price is coming back and confirming the power of sellers. In this case, there are high chances of seeing the ongoing drop to the level of $0.88 soon.

XRP is trading at $0.93 at press time.


The rate of Cardano (ADA) has gone down by 1.62%.

ADA/USD chart byTradingView

Cardano (ADA) is trading similarly to XRP as bulls have failed to fix above $1.89. In this case, there are high chances of seeing the retest of $1.50 one more time next week.

ADA is trading at $1.66 at press time.


Binance Coin is the only gainer from our list, rising by 1.73%.

BNB/USD chart by TradingView

Despite the rise, BNB could not fix above $423, confirming bears’ power. Thus, the buying trading volume has decreased, which means that a retest of the support at $347 may occur within the next few days.

BNB is trading at $390 at press time.