Bitcoin’s nosedives continued in the past 24 hours, with the cryptocurrency falling to its lowest position in April of $27,000.
Most altcoins have suffered even more. Dogecoin keeps plunging hard, while APT and OKB have dumped the most from the mid-cap alts.
Bitcoin’s April Low
The primary cryptocurrency went on a roll on April 10 when it skyrocketed to and beyond $30,000 for the first time since last June. It went on to chart its highest price point at just over $31,000 later that week on April 14.
The following week was less volatile, with BTC maintaining $30,000 for most of it. However, the landscape changed on April 19 when the asset plummeted to $29,000 in hours. The situation worsened in the next few days, with BTC first dumping to $28,000 before going all the way down to $27,100 earlier today.
The latter became the asset’s lowest price position since March 28. As of now, bitcoin still trades inches above $27,000, and it’s 3% down on the day and over 10% weekly. Its market capitalization has declined to under $530 billion after tapping $600 billion days ago. Its dominance over the alts, though, has taken a breather and is close to 46%.
Author: Jordan Lyanchev