Bitcoin dips to $ 63,000

On the night of Tuesday, March 19, the flagship cryptocurrency BTC $56,303.00 Bitcoin -1.62% Market capitalization $1.11 trillion VOL. 24 hours $2.74 billion experienced a momentary drop to $ 63,000.

According to the analytical tracker CoinMarketCap, at the time of writing, bitcoin is trading at $ 63,279, a 6.14% loss overnight. The total number of coins circulating on the market amounted to $ 1.24 billion. Traders made daily trading deals worth $ 60.4 billion, an increase of over 46%. BTC’s dominance in the market has not been affected and remains at 52.3%.

Amid the regression of the main crypto asset, the volume of liquidations on futures contracts exceeded $ 455 million.

Digital assets from the top 10 are also in the red zone.

Market analysts attribute such negative price dynamics to various factors, such as the slowdown in bitcoin ETF flows, the upcoming BTC halving, and the Federal Reserve’s FOMC meeting scheduled for March 20.

However, despite the current market sentiment, there are still crypto analysts who are optimistic about the future of bitcoin ETF flows.

It should be added that the global market capitalization lost 6.67% per day and amounted to $ 2.4 trillion. On the contrary, cryptocurrency transactions increased by more than 25% and reached $ 164.09 billion. Ethereum ETH $2,988.33 Ethereum -0.23% Market capitalization $359.21 billion VOL. 24 hours $1.5 billion dominated the industry with a 16.5% share. The fear and greed index reached 83 points.