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.