Bitcoin price failed to continue higher above the USD 40,000 resistance zone and started a fresh decline below the USD 38,500 support.
After a strong rejection near USD 40,000, bitcoin price started a major decline.
On the downside, an initial support is near USD 36,000.
Ethereum price also started a major decline from the USD 2,950 resistance and tested USD 2,700 before recovering.
On the downside, an immediate support is near the USD 2,700 level.
BNB is down over 6% and there was a break below the USD 380 support.
Many altcoins are down over 8%, including LUNA, AVAX, DOT, APE, GMT, SHIB, MATIC, TRX, NEAR, LTC, BCH, LINK, FTT, LEO, and XLM.
Overall, bitcoin price declined heavily and traded below a major support at USD 37,500.