Most of the cryptocurrencies were trading in negative territory today, April 21. Bitcoin (BTC) fell 3.35% to USD 28,026, while Ethereum (ETH) was below the USD 1,950 level.
"Bitcoin dropped for the second straight session, as the price fell to the level of USD28,100 due to an increase in selling pressure. the gains made by Bitcoin in the past one week were erased. In spit of this setback, there is still strong support at the USD26,500 mark, which was the low point in late March," Edul Patel, Co-founder and CEO at Mudrex, said.
On Thursday, April 20, the prices of other popular crypto tokens also decreased. Over 8% of Dogecoin's value dropped. BNB, XRP, Cardano, Polygon, and Polkadot were also trading with cuts at the same time. In the previous day, the market capitalization of all cryptocurrencies fell by 2.49%, trading lower around $1.19 trillion.
The largest cryptocurrency in the world by market cap, Bitcoin, was valued at over USD 542 billion. The volume of Bitcoin was USD 20.41 billion, down 20.86% over the previous day. According to CoinMarketCap, the market share of
Bitcoin is currently 45.81%, a decline of 0.20% from the previous day.
"Bitcoin rally was halted as BTC fell below the USD 29,000 mark while ETH slipped below the USD 2000 mark as the euphoria around the Shanghai upgrade begins to fade and macroeconomic factors take over," said Dhruvil Shah, Vice President of Technology at Liminal.
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