Cryptocurrency Price on April 3: Bitcoin falls below $66300; Ethereum and XRP shed up to 2percent
“Bitcoin falling below $65,000, hitting its lowest level since March 24th, comes against a Dollar index surge fueled by robust U.S. factory data,” stated Edul Patel, chief executive officer of Mudrex April 3rd cryptocurrency price: Bitcoin drops below $66300 while XRP and Ethereum both lose up to 2%
On Wednesday, there was a mixed bias in the major cryptocurrency token trading. Solana, Shiba Inu, Chainlink, Internet Computer, Litecoin, and the NEAR Protocol were trading in the green, while Bitcoin, Ethereum, BNB, XRP, Dogecoin, Cardano, and Toncoin were trading in the red.
After falling below the $64,500 area, Bitcoin was down 0.6% at $66,290 at 11:30 a.m. Ethereum was down 1.8% at $3,302.
Recent positive indicators on the labour and manufacturing markets in the United States have fuelled expectations that the Federal Reserve may delay rate reduction, and this has also had an impact on the decrease in the cryptocurrency market.
In order to prevent future losses, Bitcoin must be able to hold above $65,000; a breach might cause the price to drop below $63,500. In contrast, breaking through the $68,000 barrier would allow Bitcoin to go toward the $71,000 resistance level,” Edul continued.
Meanwhile, the CoinDCX Research Team stated, “Without a clear trigger, the cryptocurrency market saw a decline during the last 24 hours. On CoinMarketCap, the drop was caused by elements including BTC ETF withdrawals and a sizable transfer of BTC that the US government had confiscated.”
Right now, DeFi’s total volume is $12.06 billion, or 9.66% of the 24-hour volume of the whole cryptocurrency market. According to statistics available on CoinMarketCap, the total amount of stablecoins is currently $116.84 billion, or 93.54% of the whole 24-hour volume of the cryptocurrency market.
The largest cryptocurrency in the world, Bitcoin, had a decline in market capitalization to $1.3 trillion in the past day. Currently, 52.15% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of Bitcoin dropped 10.3% to $46.7 billion in the previous day.
The state of the market is reflected in Bitcoin’s technical indicators. A lack of momentum is visible within the negative zone of the hourly MACD. The hourly RSI for BTC/USD has dropped below the critical 50 mark, suggesting a possible slump.
