The bitcoin (BTC) price once again failed to rise above $77,000 today. Just like yesterday, Bitcoin fell back after hitting this price level. This time the price does not hold above $66,000, but has already fallen below $65,000. Many altcoins have fallen harder than the world’s largest crypto, but there are also a handful of notable bloomers.
View of the market
- At the time of writing, the total crypto market cap is $2.522 trillion, which is 1.8% lower than 24 hours ago.
- The price of bitcoin is currently 60,920 euros on the Dutch crypto exchange Bitvavo. The average price of bitcoin on all major exchanges is $65,088. Bitcoin now controls 50.7% of the market. This percentage has dropped slightly since yesterday, meaning altcoins are performing slightly better.
- $203.56 billion worth of crypto was traded last day, which is 157.5% more than yesterday.
Over the past 48 hours, Bitcoin has made several attempts to rise above $67,000, but so far without success. To prevent further carnage, according to analyst Ivan Lagana, known from our Discord community, it is important to conquer the price zone of $67,100:
BTC has reached the resistance of $67,100. This level is crucial to break for further continuation upwards.”
The fastest crypto risers, including HBAR
Despite Bitcoin’s price drop, many altcoins are turning green today. In fact, several crypto coins have had an excellent day. Hedera (HBAR), ranked 24th in the crypto market, is currently stealing the show. But there are also some outliers lower on the rankings, such as bonk (BONK) and algorand (ALGO). They performed as follows over the past 24 hours:
- Hedera (HBAR): +40.16%
- Bonk (BONK): +24.60%
- Algorand (ALGO):^+15.28%
- Dogwifhat (WIF): +11.26%
- Ondo (ONDO): +5.85%
Earlier today we wrote about the price explosion of HBAR. Last night, HBAR’s price skyrocketed by more than 110% in just a few hours, catalyzed by a BlackRock fund placed on the Hedera blockchain. Since the peak, the price has fallen back considerably; the HBAR Foundation gave the impression that the world’s largest asset manager was directly involved in the tokenization.
The hardest crypto decliners, including stacks (STX)
Many altcoins are following bitcoin with a price drop. The lion’s share of the red altcoins have also fallen deeper than bitcoin. However, no top 50 coin has lost more than 10%. The biggest top 50 decliners are stacks (STX), bit tensor (TAO) and core (CORE). They performed as follows over the past 24 hours:
- Stacks (STX): -9.84%
- Bit tensor (TAO): -9.37%
- Core (CORE): -8.27%
- The graph (GRT): -7.43%
- Render (RNDR): -7.33%
Today’s most important crypto news
Chanpeng Zhao, the founder and former CEO of crypto exchange Binance, may face a prison sentence of 3 years. This is the requirement of the Department of Justice (DoJ). The well-known crypto figure pleaded guilty last year to violating anti-money laundering laws. Zhao, better known as ‘CZ’, will most likely be sentenced on April 30.
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Tags: bitcoin hard HBAR memecoins flourishing
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