A list of cryptocurrencies: ETH, XRP, ADA, DOGE, MATIC.
The overall cryptocurrency market has turned bearish this week, with Ethereum, Ripple, Cardano, Dogecoin and Polygon all experiencing losses in valuation. Ethereum lost 15% in the past week, dropping to $1,300, while news that it could be considered a security has intensified the bearish momentum. Ripple had a brief rally on the back of a lawsuit against the SEC, but its price dropped by 3% this week. Cardano continued to suffer from a correction that began in mid-February, losing 15% of its valuation, and Dogecoin’s price fell by 21%, with bears pushing it towards the next level of support at 5 cents. Meanwhile, Polygon lost 22% of its valuation, with bears in full control of its price action, and support at $1 turned into resistance. Until support at 75 cents is reached, the price could bounce due to bear exhaustion.
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