Cryptocurrency Price on April 12: Bitcoin trades above $71,000; Ethereum, Toncoin decline up to 3%
BNB, Solana, Dogecoin, and Cardano showed gains, trading up to 2% higher. Meanwhile, Ethereum, XRP, Toncoin, Internet Computer, and Uniswap experienced losses, trading 1-3% lower.
The global cryptocurrency market cap rose marginally by 0.13% to around $2.64 trillion in the last 24 hours.
Bitcoin was up 0.7% at $71,025 as of 11:03 a.m., while Ethereum was below the $3,550 level.
Edul Patel, CEO of Mudrex, said, «Bitcoin has climbed back above $70,000, a level not seen since March 25th in anticipation of the upcoming Bitcoin Halving. The $71,200 level presents the next resistance, with support at $69,100. If current momentum persists and buying interest holds steady, Bitcoin may retest its previous all-time high.»
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View Details»Meanwhile, Parth Chaturvedi, Investments Lead at CoinSwitch, said, «BTC continues to trade above its newly found base at $70k. However, Bitcoin’s 7-day average mining hashrate has started approaching its ATH value, increasing the mining difficulty by 4%. An increased hashrate results in increased security for the
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