Bitcoin and Ethereum face increased downside risk as bearish momentum pushes prices toward key support levels.
Bitcoin fell below $63,000 on Friday, signaling renewed selling pressure and a potential deeper correction. The move extends a downside bias after failing to sustain recent gains, with traders eyeing lower support levels.
Ethereum also declined, trading near its 50-day Exponential Moving Average at $1,856, while Ripple approached the $1.00 psychological support. The broader crypto market mirrored the weakness, with technical indicators pointing to further downside risk.
No immediate market reaction was reported, but the shift in momentum suggests caution among investors as bearish sentiment resurfaces.