Bitcoin price hits new all time high , Ethereum and Altcoins Go Down Dramatically

Bitcoin price hit another new all-time high at $ 49,650 before a downward correction began. BTC fell below $ 47,000, however, it remained stable above $ 46,000. Currently (05:00 UTC) it is recovering further, however it could find resistance near $ 47,500.

Many significant altcoins were drastically corrected lower. ETH / USD is down over 5% and is also up below the $ 1,700 assist area. XRP / USD declined sharply from over $ 0.600 and is approaching support at $ 0.525.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.