Bitcoin Corrects Lower, Ethereum and Altcoins Extend Losses

Bitcoin price failed to stay above the USD 40,000 level and started a downside correction. BTC traded below the USD 39,500 level. It is currently (12:14 PM UTC) showing bearish signs and it seems like the bears might test USD 38,500. Besides, most major altcoins are extending losses. ETH failed to stay above the USD 2,500 support and extended its decline. XRP/USD is trading below USD 0.850 and it