Crypto price today: Bitcoin briefly hits the $70,000 mark, relative volatility in half keeps the market sluggish.

The crypto market reflected mixed sentiment on Monday, April 8, with more cryptocurrencies showing losses than gains. Bitcoin showed a modest gain of 0.03 percent on Gadgets360’s crypto price tracker – its exchange value in India reached $66,570 (roughly Rs. 55.4 lakh). On international platforms like CoinMarketCap, BTC price touched the $70,000 (Rs 58.2 lakh approx) mark and stabilized at around $69,427 (Rs 57.7 lakh approx). With Bitcoin’s fourth half session just around the corner, expect to see some volatility in the asset.

Bitcoin has shown an increase of 147% in the last one year. If Bitcoin continues to move above the current range level, it could indicate a slight edge for the bulls. The asset has been trading in a tight range for the past few days, which is showing indecisiveness. Bitcoin has not yet gained enough momentum to move fast,” Mudrex CEO Adol Patel told Gadgets360.

Losses have affected several cryptocurrencies as of Monday. These include Tether, Solana, the wave, Dogecoin, Cardano, AvalancheAnd Sheba Anu.

Polkadot, Chain Link, Polygons, Litecoin, Close to the protocolAnd to change Show BTC as well as losses.

“BlackRock’s addition of Goldman Sachs, Citigroup, UBS, and Citadel Securities as authorized participants of the iShares Bitcoin Trust has led to significant volatility in the BTC price over the weekend,” said Parth Chaturvedi, Investment Lead, CoinSwitch Ventures told Gadgets360. Additionally, the US labor market is showing resilience, with the government reporting an increase of 303,000 jobs last month. These figures indicate a stronger economy, which generally results in higher inflation, higher interest rates, and lower risk assets, including crypto.”

Despite the ups and downs, Ether Monday managed to recapture gains of about one percent. At the time of writing, ETH is worth $3,273 (roughly Rs. 2.72 lakh), Gadget360’s crypto price tracker showed. However, according to CoinMarketCap, the price of ETH is $3,426 (roughly Rs. 2.85 lakh).

“ETH has outperformed BTC over the past two days, showing a slight bounce in the ETH/BTC pair. The key resistance level for ETH is $3,650 (approximately Rs. 3.03 lakh),” the CoinDCX research team told Gadgets360. told.

Bitcoin Cash, Tron, MoneroAnd Nine coins ETH managed to see small gains as well.

The overall crypto market cap increased by 0.06% in the last 24 hours. The sector is currently valued at $2.59 trillion (approximately Rs. 2,15,68,846 crore). CoinMarketCap.

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