Cryptocurrency Price on April 3: Bitcoin falls below $66,300; Ethereum, XRP shed up to 2%
Dogecoin, Cardano, and Toncoin were trading in the red, while Solana, Shiba Inu, Chainlink, Internet Computer, Litecoin, and NEAR Protocol were trading in the green.
At 11:30 a.m., Bitcoin was trading 0.6% lower at $66,290 after a dip to the $64,500 region, while Ethereum was down 1.8% at $3,302.
Meanwhile, the decline in the crypto market was also influenced by recent U.S. economic data, particularly strong manufacturing and labor market readings, which have raised the possibility that the Fed might postpone rate cuts.
«Bitcoin slipping below $65,000, marking its lowest point since March 24th, comes amidst a Dollar index surge fueled by robust U.S. factory data,» said Edul Patel, CEO of Mudrex.
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View Details»«Bitcoin's ability to maintain levels above $65,000 is crucial to mitigate further declines, with a breach possibly leading to a descent towards $63,500. Conversely, surpassing the $68,000 threshold could pave the way for Bitcoin to target the $71,000 resistance zone,» Edul added.
Meanwhile, CoinDCX Research Team, said, «In the
