Bitcoin took another massive downturn in the past 24 hours and slipped to just over $44,000. Most altcoins have also turned red today, with price declines from Ethereum, Solana, Polkadot, Avalanche, and others. Dogecoin is among the few in the green.The start of April was not all that positive for the primary cryptocurrency as it dropped from above $47,500 to a multi-day low of $44,250 . The bulls stepped up at that point and pushed BTC north.
It initiated a leg up to and beyond that level twice in the past few days, but the aftermath was the same. The latest rejection thatyesterday pushed BTC down to $46,000 before the bears took another swing, and bitcoin slumped below $44,500. Since then, the cryptocurrency has managed to recover some of the losses and now sits above $45,000. Nevertheless, its market capitalization has taken a hit and is now at $860 billion. The metric exceeded $900 billion less than a week ago.The altcoins seemed untypically stable in the past few days, but most have turned red now, similar to bitcoin.This is all you need not to miss any price action in the raging crypto markets.
Source: News Formal (newsformal.com)