Bitcoin Slips Below Key $67,000 Level, Crypto Market Turns Bearish in Last 24 Hours

In the last 24 hours, the prices of the majority of cryptocurrencies have been reduced as the crypto market took what experts are calling a ‘bearish turn’. On Tuesday, April 2, Bitcoin showed a loss of 1.24 percent. With this, the value of the asset dropped to $66,102 (approximately Rs. 55.1 lakh). Market analysts were calling $67,000 (roughly Rs. 55.8 lakh) as the critical price point for BTC, beyond which the asset was expected to rise smoothly, but now that BTC has fallen below that value, analysts fears that BTC may fall further.

“Over the past 24 hours, the market has turned bearish. Bitcoin is currently trading below the 20 EMA D, which indicates bearish sentiment. Focus on BTC ETF arrivals and US macroeconomic announcements in the coming days. will be given,” the CoinDCX research team told Gadgets360 while commenting on the market situation.

Ether Reflecting a 3.71% decline in price on Tuesday. Its current trading price is at the $3,270 (roughly Rs. 2.72 lakh) mark. In the last 24 hours, the value of ETH has decreased by $125 (approximately Rs. 10,420).

“ETH, after making a recent high of $4,093 (approx. Rs. 3.41 lakh), witnessed a sharp correction and prices fell by around 25%. Traders speculated on the possible approval of the Spot Ether ETF in May. I am inundated,” ZebPay trade desk told Gadgets360.

Most cryptocurrencies are trading in losses on Tuesday, along with BTC and ETH. These include Binance coin, Solana, the wave, Dogecoin, Cardano, AvalancheAnd Sheba Anu.

Other altcoins were among the losers as of Tuesday. Polkadot, Tron, Chain Link, Polygons, Litecoin, to changeAnd Close to the protocol.

“The top 20 cryptos by market cap are currently trading in the red. As a result of the market performance in the last 24 hours, the crypto market has seen a total liquidation of over $490 million (roughly Rs. 4,084 crore), including $134.74 million (approximately Rs. 1,123 crore) of BTC,” the CoinSwitch Markets Desk said. Gadgets 360.

In the last 24 hours, the price of the overall crypto market decreased by 5.92%. The current crypto market cap stands at $2.52 trillion (roughly Rs. 2,10,07,274 crore). CoinMarketCap.

Like Stablecoins Tether And USD coins Like joining altcoins Bitcoin Cash, Leo, MoneroAnd Iota It managed to record a marginal gain on Tuesday.

---

Cryptocurrency is an unregulated digital currency, not legal tender and subject to market risks. The information provided in the article is not intended to constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising from any investment based on any purported recommendation, forecast or any other information contained in the article.