Altcoins · News brief
Bitcoin slides 6.7% to $68.8K as XRP tests the $1 mark
BTC traded below Thursday's low while XRP, Sui, Chainlink and Zcash extended declines, according to a Nov. 13 technical analysis.
Key takeaways
- Bitcoin. The four-hour chart broke below Thursday's daily low of $71,022.70, but the daily candle was still open, so the breakdown was not confirmed.
- XRP. The daily MACD stayed bearish after the Nov. 5 crossover, and a daily close under $1 would put the Aug. 17 low of $0.98764 in view.
- Altcoins. Sui's 14-day RSI fell to 36.12 and Chainlink traded under both its 20-day and 50-day EMAs, while Zcash's new 60-session low came on below-average Kraken volume.
What happened
Bitcoin was changing hands around $68,848 on Nov. 13, 6.64% below the $73,740 level referenced in the previous day's analysis, according to The Crypto Basic. The largest cryptocurrency had closed Nov. 12 at $71,370.70, a decline of 3.46% across a session that ranged from $71,022.70 to $74,115.60. That session low was the weakest print across 60 completed daily candles.
On shorter timeframes the break came first. The most recent completed four-hour candle touched $68,500 and settled at $68,890, beneath the daily low. Because Friday's daily candle had not yet closed at the time of the analysis, a confirmed daily break below $71,022.70 was still pending.
XRP closed Thursday at $1.04003, down 1.05%, after a session between $1.01516 and $1.05972. A four-hour candle briefly reached $0.99672 before closing at $1.00541, but no daily close beneath $1 was recorded. Sui finished at $0.8045 (−2.13%), Chainlink at $10.13784 (−0.47%) and Zcash at $956.97 (−0.55%).
The latest readings for those three tokens were 10.98%, 9.78% and 9.85% under the prices cited in the Nov. 3 Sui, Nov. 4 Chainlink and Nov. 11 Zcash reports. A separate Nov. 13 analysis from CryptoPotato, which covered Ethereum, Cardano, BNB and Hyperliquid alongside XRP, described the token as back at $1 support after erasing its summer gains.
First $1.33Latest $1.02-23.4% over the period
Points are daily observations, not closing prices.