On Thursday, April 8, the price of bitcoin falls. At 09:30 Moscow time, the first cryptocurrency is trading at $ 57,187.9 (-1.18%), according to CoinMarketCap.
Bitstamp BTC / USD Chart by TradingView
Ether fell to $ 2021.29 (-3.28%). Binance Coin fell 0.6% to $ 401.71.
The FxPro analyst team notes:
“By Thursday morning, bitcoin is down almost 2% and is trading at about $ 57,000. Bitcoin very much scared the market participants yesterday, starting to decline sharply along with the altcoin market. The benchmark cryptocurrency slipped from almost $ 59,000 to $ 56,000, where the correction stopped.
Yesterday, something that market participants are very much afraid of happened, especially its non-professional retail part, when the slipping of bitcoin with the simultaneous growth of altcoins is followed by a synchronous failure throughout the crypto market.
We saw demand persist and this helped digital currencies bounce back almost immediately following the sell-off. Moreover, Bitcoin’s rebound was associated with a 12% increase in trading volume per day.
Despite the correction, the index of greed and fear for bitcoin and the largest cryptocurrencies even increased by one point over the course of a day to a value of 73, which corresponds to the “greed” regime in a rather moderate form. The RSI for the BTC / USD pair on the daily chart remains in neutral mode, showing no signs of readiness to move towards overbought. Now the crypto market froze in anticipation of new triggers, while the total capitalization rolled back to $ 1.9 trillion. “
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