Crypto price today: Bitcoin price continues to fall, most cryptocurrencies suffer

The volatility of the crypto market is only getting hotter by the day but it is also writing down the losses of most altcoins on an almost regular basis. Bitcoin recorded a loss of 1.62% on Thursday, April 4. This brings its trade value to $64,354 (roughly Rs. 53.7 lakh). In the last 24 hours, the value of Bitcoin decreased by $1,134 (approximately Rs. 94,625). With Bitcoin Next half Later this month, market analysts predict volatility in the coming weeks.

“The largest cryptocurrency showed a reduction in price momentum after experiencing negative net flows in spot ETFs. Spot ETFs were the main cause of rallies during the first quarter of 2024. In the halving With only two weeks to go, we can expect more volatility due to a favorable change in supply dynamics,” said Shiv Thakral, CEO of BuyUcoin, commenting on this. market situation.

Ether On Thursday, April 4th, the price saw a decrease of 2.15%. At the time of writing, Ether was trading at $3,190 (roughly Rs. 2.66 lakh). During the last 24 hours, the price of ETH had fallen to $72 (approximately Rs. 6,007).

“Like BTC, ETH also traded sideways in a short time frame, with $3,200 (roughly Rs. 2.67 lakh) being a key level. Tomorrow’s announcement of the US monthly unemployment rate could bring more volatility to the market, CoinDCX Markets Desk told Gadgets360.

Solana, the wave, Dogecoin, Cardano, Avalanche, Sheba Anu, Bitcoin CashAnd Polkadot BTC and ETH recorded losses as well.

Tron, Polygons, Litecoin, Close to the protocol, to change, LeoAnd Cosmos Also see the disadvantages.

“While the prospect of a Fed rate cut in June has dampened gains, the steady increase in stablecoin supply provides strong reassurance to bitcoin enthusiasts amid market volatility,” said Rajagopal Menon, Vice President, Minister X told Gadgets360.

The overall crypto market cap decreased by 0.93% in the last 24 hours. It is currently valued at $2.47 trillion (approximately Rs. 2,06,14,496 crore), data CoinMarketCap Shown

Meanwhile, cryptocurrencies were among the ones recording gains on Thursday. Binance coin, USD coins, MoneroAnd Bitcoin SV.

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