XRP price is at an inflection point that could trigger a further sell-off after the recent breakdown of a stable and significant support floor. Therefore, investors need to be cautious about their takes on the market, especially since Bitcoin price also looks weak.
MATIC price recovery run has been impressive, but the momentum seems to be running out as it gets hammered out by profit-taking investors. As a result, market participants can expect Polygon bulls to step aside and let the bears take control.
Bitcoin (BTC) price gets battered again and sees bulls handing over the $20,000 marker to the bears. Not only is the current macroeconomic background unchanged, but it also becomes even worse with more lockdowns in China, the energy crunch in Europe and continuing inflation in the US, while the job market remains tight with rising wages. Additionally, a dent was given to the credibility of Bitcoin as a Bloomberg survey on Monday projected $10,000 amongst institutional and professional traders, meaning more pain to come for the already battered Bitcoin price action.
