Currencies

Bitcoin, Ripple & Avalanche – Asian Wrap 31 March


Bitcoin (BTC) continues its decline, trading below $82,000 on Monday after falling 4.29% the previous week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and declined by 9.88% and 12.40%, respectively. 

Ripple’s XRP is down 7% on Friday following bearish pressure from macroeconomic factors, including United States (US) President Donald Trump’s tariff threats and rising US inflation. The downside pressure could accelerate if XRP’s on-chain activity fails to pick up amid its rising supply.

Avalanche (AVAX) has been under selling pressure in recent days, falling to the $20 support level on Friday, down 8% over the past 24 hours. The decline comes amid broader market uncertainty, with risk sentiment affecting the cryptocurrency sector.




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