The Bitcoin price falls once more. After a few days of lateralization the Bitcoin market moved more significantly. However, the BTC moved lower, registering losses on Wednesday, April 7.
The retraction of the largest cryptocurrency in market value had an impact on altcoins. Among the largest in market value, losses took over.
Price of Bitcoin, Today
According to data obtained by the WorldCoinIndex tool, BTC declined 2.73% in the last 24 hours at the writing of this article.
The Bitcoin price today is US$56,397.
The intraday high of US$58,613 was seen yesterday morning Tuesday, April 6.
The intraday low was registered today, when the BTC plunged and reached US$55,720.
IntoTheBlock data indicates that about 91% of Bitcoin addresses are profiting at the current quote. The remaining 9% represent addresses “at zero”.
Bitcoin continues with a pessimistic future, according to its main indicators. After the falls, six of them point to a future in the red, while only one indicator remains firm in optimism.
As for BTC’s exchange volume, around US$72 Billion was handled in the last 24 hours.
Finally, the Bitcoin graph for the last 24 hours can be seen below:
Red rain coming
The fall of Bitcoin has caused even more sudden drops in other cryptocurrencies. XRP, Polkadot, and Litecoin declined respective 19.07%, 14.24%, and 6.52%.
The top 20 was similar, also showing considerable declines.
Filecoin, Stellar to Tron suffered respective losses in their prices of 17.69%, 20.19%, and 16.85%. Until the closing of this article, the total value of the crypto market was above US$1.85 trillion, about 89 billion less compared to the previous day.
The dominance of BTC is at 56%.