The crypto market volatility is only getting heated up by the day but is also spelling losses for majority altcoins on an almost regular basis. Bitcoin on Thursday, April 4 recorded a loss of 1.62 percent. This took its trading value to $64,354 (roughly Rs. 53.7 lakh). In the last 24 hours, the value of Bitcoin slipped by $1,134 (roughly Rs. 94,625). With Bitcoin’s next halving slated for later this month, market analysts have predicted volatility in the coming weeks. “The largest cryptocurrency has reflected a slump in price momentum after experiencing negative net flows into the spot ETFs. The spot ETFs were the main reason for rallies during the first quarter of 2024. With just around two weeks left for halving, we can expect more volatility due to the favorable change in supply dynamics,” said Shivam Thakral, CEO of BuyUcoin, commenting on the market situation.
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Crypto: News
Bitcoin’s value drops by 1.62% to $64,354. Analysts expect more volatility before the upcoming halving.