Bitcoin price today, that is April 4, Monday, dropped slightly to go below the $46,000 mark, as the global crypto market traded in red too. Among the 10 top crypto coins, five were trading in red on the day. Bitcoin had touched the $47,000 mark on Monday but fell after initial hours as analysts predicted price correction after the world’s largest crypto coin gained over the last few days. Recently, Bitcoin touched a three-month high after it spiraled down over the past due to volatile markets amid the Russia-Ukraine war, Fed policies, and the general market mood. In late March, however, Bitcoin along with the crypto market as a whole made a U-turn to show gains.
One unit of Bitcoin today was priced at $46,164.05 at the time of writing this article, data from CoinMarketCap showed. This was down by 0.60 percent over the last 24 hours. Bitcoin price was down by 1.69 percent in the last seven days, according to the data. Bitcoin had edged over $48,000 during the last week before sliding to $46,000 as selling volumes proliferated and traders booked profits at the resistance level, which saw a minor correction in the prices. On the daily timeframe, the BTC trend can be seen retesting the previous breakout level. The next resistance is expected at $48,600 and the next support is expected at the $34,200 level," said the WazirX Trade Desk in a note to News18.com.
Ethereum, the world’s second-largest crypto coin, gained slightly on the day after recording a fall. Ether price today was standing at $3,501.74 at the time of writing this article, data showed. This was up by 0.30 percent in the last 24 hours, and by 5.48 per cent in the last seven days.