Cryptocurrency Price on April 18: Bitcoin dips below $61.2K; Dogecoin, Solana drop over 7%
economictimes.indiatimes.com
«In the last 24 hours, both BTC and ETH experienced a decline of over 4%. The reasons behind this fall could be attributed to geopolitical tensions, as well as the upcoming BTC halving, historically known for inducing high volatility. Negative ETF data also contributed to market sentiment,» said CoinDCX Research Team.
Following the decline in blue-chip crypto tokens, the global cryptocurrency market cap also fell 3.5% to around $2.24 trillion in the last 24 hours.
Other major crypto tokens such as Solana (7.4%), XRP (3.7%) XRP (2%), Dogecoin (7.8%), Toncoin (11%), Cardano (4%), Shiba Inu (4.4%), and Avalanche (4.3%) also declined.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»A majority of the altcoins struggled to move up in price. This comes as the next Bitcoin halving is just two days away, with industry analysts expecting the correction in prices might continue for a little longer time, said CoinSwitch Market Desk.
Also Read: Forget Mumbai or Bengaluru, this city reigns as the cryptocurrency capital of India
Currently, the total volume in DeFi stands at $6.98
