Bitcoin, Ether register losses as market volatility continues to shadow price charts

The volatile element of the crypto sector is nowhere near its end as many cryptocurrencies are still struggling to find a stable price point to trade. On Wednesday, April 3, Bitcoin showed a loss of 0.33%. With this, its trading value has reached $65,448 (roughly Rs. 54.5 lakh). Over the last 24 hours, the value of BTC has decreased by $654 (approximately Rs. 54,546). This is the third day in a row that the most expensive crypto-asset is experiencing price declines.

“There has been a lot of negative sentiment and selling pressure around Bitcoin since the beginning of this quarter. First, the Fed announced on Tuesday and now plans to sell 51,680.33 BTC from the Silk Road seizure, which The value is over $3.4 billion. Govt.,” ByUcoin CEO Shiv Thakral told Gadgets360.

Ether Bitcoin joined in registering losses on Wednesday. The asset is trading at $3,262 (roughly Rs. 2.72 lakh) after a loss of 0.19 percent. Over the past day, ETH prices have dropped by $8 (roughly Rs. 667).

With Bitcoin’s halving approaching, the crypto market is experiencing volatility. Other macroeconomic factors and industry developments are also adding to the pricing uncertainty for crypto-assets at the moment, causing many to suffer losses.

on Wednesday, USD coins, the wave, Cardano, AvalancheAnd Polkadot — Displays all losses on the price chart.

Impairment has also been recorded by to change, Leo, Cosmos, CronusAnd Stellar.

“The crypto market has gone through another session of correction, with many of the top 10 cryptos by market capitalization trading in the red. Investor sentiment remains buoyant on demand expectations. The market is likely undergoing a short-term correction due to BTC’s pre-halving pullback period. With investor sentiment elevated, we Crypto markets may see a rebound,” the CoinSwitch market desk told Gadgets360.

In the last 24 hours, the overall value of the crypto sector decreased by 0.61%. With this, the figure has come down to $2.49 trillion (approximately Rs. 2,07,73,908 crore). CoinMarketCap.

Some of the cryptocurrencies that managed to see gains on Wednesday include Tether, Solana, Binance coin, DogecoinAnd Sheba Anu.

Other profitable altcoins include Bitcoin Cash, Chain Link, Tron, LitecoinAnd Close to the protocol.

Market analysts advise investors to exercise caution before making investment decisions.

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