Bitcoin Falls Below $39,000 After Over a Month, Ether Slips

It was another cut day for the global cryptocurrency market as all major cryptocurrencies sank early on Monday morning, April 25, causing the entire market to turn red. The bitcoin traded below the $ 39,000 mark a month later. At the time of writing, the value of the bitcoin today was 38 38,961.56, down 1.87 percent from the previous 24 hours, according to the data. Coin Market Cap data also shows that the global cryptocurrency market was down 2.32% in the last 24 hours, valued at $ 1.80 trillion.

The bitcoin fell below 39 39,000 for the first time in more than a month. However, bitcoin reserves continued to decline on the exchange, and in fact this record is low. This is due to the massive accumulation of BTC by whales and enterprises, leading to a supply crisis. On a daily time frame, BTC is trading in support of the rising channel pattern. We can expect a return from this level given the previous trend pattern. The next resistance for BTC is expected at $ 48,600 and immediate support at $ 37,600, “said the WazirX trading desk.

Aether also suffered losses in the last 24 hours. Ethereum fell below $ 2,900 today and fell 3.55% to 8 2,844.18 at the time of writing.

Ethereum corrected slightly against the bitcoin during the week as the BTC Dominance Index continued to move upwards. Meanwhile, the RSI for ETH-BTC fell below 50 for the first time in over a month but remained strong. Stay in the zone. The daily trend of ETH against BTC has formed a megaphone pattern. The next resistance is expected at 0.078 and the next support is expected at 0.0653. We may see Ethereum and other Altcoins slipping in the coming days. If Bitcoin continues to dominate, “added the WazirX trading desk.

Meanwhile, a report by data analytics firm Chainalysis found that corrupt investors around the world made a total profit of $ 162.7 billion in 2021, up 400% from 2020.

It is a great pleasure for the corrupt community around the world to see that corrupt investors have made great profits by relying on corrupt assets. The 162.7 billion increase from a profit of .5 32.5 billion in 2020 to 21 162.7 billion in 2021 testifies to the fact that during the second phase of the epidemic, investors resorted to traditional markets to beat inflation and create wealth in times of crisis. Market selected.

Here are the top 10 cryptocurrencies and their prices on April 22, 2022 (data from coinmarketcap.com)

Bitcoin lost $ 38,961.56 or 1.87% in the last 24 hours

Ethereum lost  2,844.18 or 3.55% in the last 24 hours

Loss of $ 1.00 or 0.00% in the last 24 hours

Loss of BNB $ 391.17 or 3.30% in the last 24 hours

USD Coin $ 0.9996 or 0.10% loss in the last 24 hours

XRP $ 0.679 or 4.42% loss in the last 24 hours

Solana $ 97.75 or 3.57% loss in the last 24 hours

Terra $ 90.23 or 1.53% loss in the last 24 hours

Cardano $ 0.8706 or 2.85% loss in the last 24 hours