Cryptocurrency Price on April 4: Bitcoin falls below $66,000; Solana, Dogecoin tank over 4%

economictimes.indiatimes.com:

Dogecoin. Meanwhile, the global cryptocurrency market cap declined 0.7% to around $2.48 trillion in the last 24 hours.

At 11:58 a.m., Bitcoin was trading 1% lower at $65,680, while Ethereum was down 0.3% at $3,304. Also, altcoins such as Solana (-4.2%), XRP (-3%), Dogecoin (4.6%), Cardano (2.9%), Shiba Inu (-2.5%), and Avalanche (-2.8%) declined.

«Bitcoin has been rejected on the retest of its upward trendline at $66,000 and will likely head towards $64,000 for strong support. Speculations of a sell-off of a large stash of BTC by the US government is driving current bearish sentiment,» said Vikram Subburaj, CEO of Giottus.

«For Bitcoin to push for $70,000 again, inflows into ETFs have to materially increase, similar to early March. The narrative behind the upcoming halving can also potentially drive its short-term adoption,» Subburaj said.

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CoinDCX Research Team, said, «In the past 24 hours, BTC and ETH traded sideways while many altcoins experienced a decline. BTC remained range-bound, with significant liquidation levels