Bitcoin (BTC) is correcting lower for the second consecutive day, trading near $78,000 on Tuesday. The largestcryptocurrencyby market capitalization also holds above major moving averages, reinforcing a broader bullishoutlookdespite the pullback from last week’s peak near $82,300.
Ripple(XRP) is grinding upward and getting closer to a short-term breakout above $1.40 on Tuesday. This uptick follows the remittance token’s defense of support at $1.38, after a short-lived attempt to breach selling pressure at $1.50 last week.
Zcash’s (ZEC) triple-digit rally has put pressure on short sellers, who now watch their positions sink deeper into the red.
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