Bitcoin Tests USD 30K, Ethereum Dives, LUNA Halves as UST Loses Peg

On the downside, an immediate support is near the USD 2,280 level. The next major support is near the USD 2,200 level, below which the price might test USD 2,000.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) declined heavily below the USD 0.70 level. The price even traded below USD 0.62 and spiked below USD 0.60. It tested USD 0.585 before there was a recovery wave that brought the price back above USD 0.62.

BNB declined almost 12% and even spiked below the USD 300 level. It tested the USD 288 support and recovered to USD 310. On the upside, the previous support at USD 320 might act as a resistance.

Solana (SOL) dived below the USD 70 support level. It even tested the USD 60 level. The price is now consolidating near USD 65 and might rise towards the USD 70 level.

DOGE extended its decline below the USD 0.110 level and tested the USD 0.100 support zone. It is now moving higher towards the USD 0.110 level. If there is an upside break, the price might test USD 0.115.

XRP price declined over 11% and even spiked below the 0.50 support. It tested the USD 0.470 level and corrected losses. On the upside, the bears might remain active near USD 0.52 and USD 0.532.

Other altcoins market today

Many altcoins are down over 10%, including AVAX, DOT, SHIB, NEAR, LTC, BCH, UNI, ALGO, LINK, ATOM, XMR, and APE. Out of these, LUNA crashed 53%, diving below USD 29, as the UST stablecoin, which is the third-largest by market capitalization, lost its peg and dropped almost 26%, nearing USD 70. (Learn more: Luna Foundation Loans Out BTC to Defend Bitcoin Peg, Faces Community Backlash)

Overall, bitcoin price declined heavily and tested a major support at USD 30,000. If BTC recovers, the bears might remain active near the USD 32,000 and USD 32,500 levels.