Bitcoin’s price fell below $40,000 after trading flat. Other important cryptocurrencies, including Ethereum, fell as the global crypto market gyrates in a volatile mode.
Bitcoin was down 17 per cent in April. The world’s most popular cryptocurrency fell 44 per cent since reaching the all-time high of $69,000 in November last year, according to CoinDesk data.
Market experts claimed that there could be a breakdown or decisive breakout in Bitcoin, according to CoinDesk.
The second largest cryptocurrency by market capitalization, Ethereum, dropped below the $3,000-mark.
BITCOIN PRICE TODAY
Bitcoin price was down by 1.35 per cent to $38,515. Ethereum was down by 0.90 per cent at $2,841.
XRP was down by 1.78 per cent, Solana fell by 2.39 per cent, Cardano declined 0.78 per cent, Stellar lost 1.18 per cent.
Other alt coins Dogecoin was down by 1.64 per cent, Polkadot fell 3.12 per cent, Shina Ibu tanked 3.24 per cent.
Chainlink was down 0.37 per cent, Polygon fell 1.69 per cent, Axie Infinity was down by 4 per cent, Uniswap fell by 0.71 per cent, Tron fell by 5.38 per cent.
Last week, Finance Minister Nirmala Sitharaman has said India would take a considerate decision on regulation around the virtual currency. The decision on crypto will not be rushed through, she said in an interaction at Stanford University.
“It will have to take its time…all of us to be sure that at least with a given available information, we’re taking the decern decision. It can’t be rushed through,” she said.