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Cryptocurrency update: The global cryptocurrency market suffered 4.89 percent in the past 24 hours on Friday, April 1, after rising for several days amid gains from the leading cryptocurrencies. According to data from global crypto-tracking platform CoinMarketCap, the global cryptocurrency market capitalization has reached $2.06 trillion.
Bitcoin The day also lost 4.62 per cent. At the time of writing this article, the price of one unit of Bitcoin is $45258.93 as per the data. On a weekly basis, Bitcoin gained 0.97 percent.
Bitcoin price dropped below $45,000 after the consolidation phase at $47,000 to $48,000. The trading volumes indicate a significant amount of selling as traders tried to take profits at this level. The RSI dropped to nearly 55 with this selling spree,” WazirX Trade Desk said.
“Bitcoin’s daily trend is moving within an ascending channel pattern. We may see buying momentum to follow soon, as profit book volumes decline. Bitcoin’s next resistance is expected to reach $48,600.”
Ethereum Prices also fell sharply during the day. At the time of writing this article, one of the coins from Ethereum, the second most popular cryptocurrency in the world, is at $3,312.55. This has decreased by 3.55 percent in the past 24 hours.
“With Bitcoin price correcting marginally, Ethereum vs Bitcoin has gained additional momentum over the past couple of days. ETH-BTC daily chart is about to break through the channel pattern. We can expect funds to move into Altcoins and see the start of the Altcoin season. Next resistance is expected for ETH-BTC is at 0.075 and immediate support is expected at 0.0653,” WazirX said.
According to Darshan Bateja, CEO and Co-Founder of FOLD, “There are a few investment themes on which investors seem to be more positive. For example, the surrogate first tier trait remains strong as Solana and Terra’s LUNA’s SOL has not declined sharply. Like BTC and ETH.”
“On the other hand, we have seen much more interest in decentralized finance (DeFi), as the old guard of DeFi tokens (AAVE, UNI, COMP, etc.) have outperformed ETH in the past few weeks. With a slightly longer view, however, Bitcoin is back in What it was a week ago.
Top 6 Cryptocurrency Earnings in the Last 24 Hours (According to Data from CoinMarketCap)
Dotmoovs: $0.06072 – up 183.70 percent
Digital Fitness: $0.3485 – up 149.00 percent
Animal Parties: $0.01348 – up 88.18 percent
All sports: $0.00399 – up 67.00 percent
Wirtual: $1.16 – up 64.13 percent
Vita Inu: $0.000000004269 – up 60.57 percent
Top 6 Cryptocurrency Losers in the Last 24 Hours (According to Data from CoinMarketCap)
Geojam Token: $0.01923 – down 67.69 percent
MoonDAO: $0.04919 – down 36.11 percent
FUTUREXCRYPTO: $0.9464 – down 34.33 percent
Silva Token: $0.0000000007202 – down 33.41 percent
Vulcano: $0.1282 – down 32.53%
Metis: $0.01093 – down 26.91 percent
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