Cryptocurrency Price on April 25: Bitcoin drops below $65.3K; Solana, Avalanche tumble up to 9%
cryptocurrency, also saw a decline of over 3% to $3,156.
Other major cryptocurrencies also experienced declines, with Solana (-6.8%), XRP (-4%), Dogecoin (-6.4%), Toncoin (-6.5%), Cardano (-6%), Shiba Inu (-7.7%), and Avalanche (-9.1%) all registering losses.
CoinDCX Research Team said, «The crypto market faced a downturn due to renewed conflict in the Middle East and worries about China's economic health, affecting investor confidence. Additionally, slowed ETF inflows contributed to the negative sentiment.»
Meanwhile, Rajagopal Menon, Vice President at WazirX, said, «Bitcoin’s latest correction has sent the token below its strongest support level of $65K. The price correction phase continues for the token as it currently stands at $64223, a 0.12% decrease in the last 24 hours. The geopolitical tension in the Middle East is impacting the token movement.»
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View Details»«Bitcoin's short-term trend appears mildly bullish despite ongoing corrections. Contraction of Bitcoin Bollinger Bands suggests reduced volatility post-correction, possibly stabilising
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