Bitcoin has fallen to its lowest level since the end of March

The bitcoin rate has fallen to its lowest level since the end of March. The value of the digital asset dropped to $ 27,200 on April 22, updating its lowest level since March 29. Since then, the price of BTC $95,749.49 Bitcoin -0.87% Market capitalization $1.9 trillion VOL. 24 hours $0.98 billion has been fluctuating between $ 27,200 and $ 27,700 for two days.

According to CoinGecko, BTC has fallen by 9.3% over the past 7 days and by 1.6% over the past 24 hours. The market capitalization of the market leader is $ 532 billion with a daily trading volume of $ 12 billion. BTC’s market share is 44.1%.

As for Ethereum, the main altcoin also continued its decline. Over the past day, ETH $2,807.98 Bridged Ether (StarkGate) 1.13% Market capitalization $0.24 billion VOL. 24 hours $1.55 billion fell by 1.8% and by 12.7% over the past 7 days. BNB dropped by 5.3% over the week to $ 328, and Solana by 15.6% to $ 21.33. Ripple’s price dropped by 11.2% to $ 0.46, Cardano’s value by 14.5% to $ 038.

The total market capitalization of cryptocurrencies decreased by 0.9% over the day and currently stands at $ 1.21 trillion, with a daily trading volume of $ 35 billion.

Among the reasons for the fall in the HTS, experts highlighted the increase in the dollar’s yield amid falling gold prices. This state of affairs was caused by the actions of the US Federal Reserve. Researchers at Santiment also emphasized another reason for the decline in bitcoin’s value: the overheating of the BTC derivatives market caused by overly positive investor sentiment.