Bitcoin Corrects Lower Amid Broader Bullish Outlook

Bitcoin (BTC) is experiencing a correction for the second consecutive day, trading near $78,000 on Tuesday. The largest cryptocurrency by market capitalization holds above major moving averages, reinforcing a broader bullish outlook despite the pullback from last week's peak near $82,300.

Ripple (XRP) is making an upward move and getting closer to breaking out above $1.40 on Tuesday. This uptick follows XRP's defense of support at $1.38 after a short-lived attempt to breach selling pressure at $1.50 last week.

Zcash's (ZEC) triple-digit rally has put pressure on short sellers, who are now watching their positions sink deeper into the red.