Sunday, July 21, 2024

Market Watch April 4: Bitcoin manages to stay around $46,000 in the weekend

After facing resistance at the $47,000 mark, Bitcoin has managed to stay around $46,000 over the weekend. It has started a fresh week at a high low. BTC’s price is bearish and has gained from the losses which had pulled it down in January. At the time of writing this article, the prices of the top two cryptocurrencies were as follows, as per the CoinMarketCap:

Bitcoin (BTC): $46,135

Up/Down: Lost -0.03% in the last 24-hours

Ethereum (ETH): $3,505

Up/Down: Gained +1.15% in the last 24-hours

The weekend was pretty high for the crypto market as market capitalization for Bitcoin had soared past $47,300 but dropped below $46,000. And it the last 24-hours, it has managed to regain slightly and is now holding onto the $46,000 mark. Ethereum, following in Bitcoin’s footsteps, also dipped slightly. It is now at an all-time high, trading at $3,505. There wasn’t much trading in the weekend, and weekends are usually slow as trading is inactive.

Analysts highlighted that the late weekend surge slipped slightly from the major equity market’s performance. Overall, Bitcoin has managed to start a fresh week set at a strong higher local high. Its likely to reach the $48,000 (crucial mark) during the week.

Meanwhile, the altcoins have a mixed reaction to Bitcoin’s slight gains. Major altcoins like Solana, Terra LUNA, Avalanche, and Polkadot are in the red. These coins have lost 0.46 – 1.30% in the last 24-hours. Meme coins – Dogecoin is up by 3.38% and Shiba Inu has gained 1.24% in the last 24-hours.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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