Bitcoin shows signs of weakness while Ripple's bank win fails to bolster XRP

The immediate prospects for bitcoin BTC $84,459.46 and the wider crypto market look bleak, with prices trading below key levels, according to some observers. The largest cryptocurrency is trading below $80,000, less than its 50-day average in a sign of near-term weakness. “Technical indicators suggest the downtrend is set to continue, as the market sinks further below its 50-day moving average and the resistance zones from May and September have failed to act as support,” Alex Kuptsikevich, the chief market analyst at FxPro, wrote in an email.