The cryptocurrency market has faced a significant decline in the last 24 hours. Bitcoin (BTC) price fell below $60,000, hitting its lowest level in the last three months. Altcoins such as Ethereum (ETH), Cardano (ADA), Solana (SOL) and XRP also lost significant value.
Bitcoin price drops below $60,000
Bitcoin is traded at $61,661.78 as of 06:51 (UTC) on Thursday, April 18, 2024. BTC, which lost 3.81% in value in the last 24 hours, hit its lowest level in the last three months. Bitcoin’s 24-hour transaction volume reached 42.25 billion dollars. Ethereum (ETH) price also had its share of the decline and fell by 3.04% to $ 3,015.91. ETH’s 24-hour trading volume reached 18.11 billion dollars. Binance Coin (BNB), on the other hand, went against the general trend of the market and gained 0.72% in value. It then rose to $549.18. BNB’s 24-hour trading volume increased by 19.35%, reaching 1.49 billion dollars.
Solana (SOL) price decreased by 5.14% to $133.97. SOL’s 24-hour trading volume decreased by 3.71% to 4.79 billion dollars. The XRP price could not exceed the $0.50 limit and lost 0.82% in value, falling to $0.4962. XRP’s 24-hour trading volume increased by 7.98% and reached 1.84 billion dollars. Cardano (ADA) price decreased by 3.10% to $0.4495. Additionally, ADA’s 24-hour trading volume increased by 4.09% to $503.51 million.
Dogecoin (DOGE) price decreased by 6.12% to $0.1486. Shiba Inu (SHIB) price decreased by 2.92% to $0.0000222. Bitget Token (BGB), the native token of the Bitget exchange, went against the general trend of the market, gaining 6.60% in value to $1.27. BGB’s 24-hour trading volume decreased by 5.12% to 60.02 million dollars.
BTC comment came from Capo of Crypto
On the other hand, il Capo of Crypto, one of the leading analysts of the cryptocurrency market, shared his views on the Bitcoin price falling below $ 60,000. Notably, the analyst said that BTC price could form a bottom between $57,000 and $59,000 and retreat to around $57,500 in the short term. Il Capo later added that the price could rally towards the $62,700 and $64,000 resistance levels.
As a result, according to Kriptokoin.com data, the cryptocurrency market has experienced a significant decline in the last 24 hours. Because the Bitcoin price fell below $ 60,000 and hit its lowest level in the last three months. In addition, altcoins lost significant value as a result of Bitcoin’s decline.
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