Cryptocurrency Price on April 5: Bitcoin rises above $67,500; Bitcoin Cash, Shiba Inu
At 10:41 a.m., Bitcoin showed a 3.2% increase, reaching $67,518, while Ethereum experienced a slight decline of 0.4% to $3,278. Additionally, altcoins including XRP (2.5%), Toncoin (3.8%), Shiba Inu (4.6%), Cardano (2.9%), Shiba Inu (2%), and Bitcoin Cash (10%) witnessed significant rally.
“Bitcoin rebounded to $69,000 within the past 24 hours before consolidating around $67,500. If Bitcoin can close above $69,000 today, it could set the stage for a potential move towards $70,000 and above over the weekend, with $65,500 acting as a key support level in case of a downturn,” said Edul Patel, CEO of Mudrex
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Shivam Thakral, CEO of BuyUcoin, said, “With just 2 weeks left for Bitcoin halving, the largest crypto can pick up momentum and potentially make a new ATH. Another potential scenario is a huge correction and the formation of a new local bottom before the reversal phase begins.”
The total volume in DeFi is currently at $9.53 billion, 9.88% of the total crypto market 24-hour volume. The volume of all stablecoins is now at $89.8 billion, which is 93.15% of the total crypto market 24-hour volume, according to the data available on CoinMarketCap.In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, surged to $1.323 trillion. Bitcoin’s dominance is currently 52.85%, according to CoinMarketCap. BTC volume in the last 24 hours rose 12% to $35.14 billion.If BTC fails to rise above the resistance point of $69.3k, there is a high probability of seeing another decline; current immediate support could be drawn at $67.2k, said Parth Chaturvedi, Investments Lead, CoinSwitch Ventures.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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