Bitcoin Faces Resistance While Ethereum and Altcoins Rise

Bitcoin price struggled to stay above the USD 48,000 level and it started a fresh decline. BTC traded below the USD 47,500 support level. It is currently (04:28 UTC) facing an increase in selling pressure, with a major support near USD 46,200. Conversely, many major altcoins gained bullish momentum. ETH is up over 5% and it broke the USD 3,400 resistance. XRP is also rising and it surpassed the