Cryptocurrency Update: On Friday, there was a break on the continued rally in the cryptocurrency market for the past several days. The global cryptocurrency market saw a decline of up to 4.89 percent on Friday, April 1. According to CoinMarketCap, a crypto tracking platform that tracks the crypto market, the global crypto market capitalization stood at $2.04 trillion on Friday.
The price of bitcoin, the world’s first and most popular cryptocurrency, also fell by up to 4.62 per cent on Friday. At the time of writing the news, the price of one unit of bitcoin was $45,258.93. The price of bitcoin has risen 0.97 percent in the past week.
“Bitcoin has now slipped below $45,000 after consolidating at levels ranging from $47,000 to $48,000,” WazirX Trade Desk reported. Trending volumes suggest investors are now booking profits following the recent rally. After this, profit-booking is likely to stop. So, we expect the selling to start again soon. On the upside, the next resistance level for Bitcoin could be $48,600.”
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Ethereum prices also saw a sharp decline on Friday. At the time of writing the news, a unit of Ethereum was priced at $3,312.55 and was down 3.55 percent in the last 24 hours.
According to Darshan Bathija, CEO and Co-Founder, Vault, “There are certain investment themes that are of high interest to investors. For example, the theme of Alternate Layer-1 is strong as Solana’s coin SOL and Tera’s coin LUNA have not declined as sharply as Bitcoin and Ethereum.”
“On the other hand, we have also seen a lot of interest in decentralized finance (DeFi) over the past few weeks. The older players in DeFi tokens (AAVE, UNI, COMP, etc.) have outperformed Ethereum over the past few weeks.”
These 6 cryptocurrencies have seen the biggest jump in the last 24 hours (according to CoinMarketCap data)
Dotmoovs: $0.06072 (183.70% jump in price)
Digital Fitness: $0.3485 (price jumped 149.00%)
Animal Concerts: $0.01348 (price up 88.18%)
All Sports: $0.00399 (67.00% jump in price)
Wirtual: $1.16 (64.13% jump in price)
Vita Inu: $ 0.00000004269 (60.57% jump in price)
These 6 cryptocurrencies saw the biggest fall in the last 24 hours (according to CoinMarketCap data)
Geojam Token: $0.01923 (down 67.69%)
MoonDAO: $0.04919 (36.11%)
FUTUREXCRYPTO: $0.9464 (down 34.33%)
Silva Token: $ 0.0000000007202 (down 33.41%)
Vulcano: $0.1282 (down 32.53%)
Metis: $0.01093 (down 26.91%)
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