Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Bitcoin is barely holding on to $60,000 as bears retest the March lows.
ETHEREUM NEWS

Bitcoin is barely holding on to $60,000 as bears retest the March lows.

By Crypto FlexsApril 18, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin is barely holding on to ,000 as bears retest the March lows.
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) fell below $60,000 on April 17 as U.S. markets began trading, returning to prices last seen in early March before the digital currency rose to new heights.

The major cryptocurrency hit a low of $59,658 before recovering modestly to around $60,800 at press time, based on CryptoSlate data.

Bitcoin was holding on to support at $60,500 after selling pressure slowed, with bulls attempting a potential recovery above $61,000.

market chaos

The decline comes at a time of general market turmoil, with both Bitcoin and traditional stock markets showing signs of tension.

Bitcoin last fell to this level on March 5, before soaring to a record $73,780 on March 13. Since reaching that peak, BTC has experienced significant volatility. Since early April, it has traded in a huge range between $59,000 and $72,500.

Experts attribute the ongoing market volatility to a variety of macroeconomic issues, including persistent inflation in the United States. Likewise, major stock indexes such as the S&P 500, Dow Jones, and Nasdaq have all reported declines, reflecting broader economic uncertainty.

Adding to the cautious sentiment in the markets, Federal Reserve Chairman Jerome Powell said in a recent press briefing that the central bank may further delay expected interest rate cuts.

Chairman Powell noted that recent indicators have failed to strengthen confidence in the economy, suggesting a slower-than-expected recovery.

Altcoins mirror Bitcoin.

Ethereum (ETH) also briefly fell below $3,000, reaching a low of $2,914, before stabilizing at around $2,970 as of press time.

Meanwhile, BNB fell to a day’s low of $512, while Solana (SOL) hit $126.8 before both tokens recovered to around $525 and $130 as of press time.

With the Bitcoin halving event approaching this weekend, timing is important. This will reduce the block reward from 6.25 BTC to 3.125 BTC and could potentially impact Bitcoin value in the short term due to reduced supply pressure.

Investors are closely monitoring the impending halving, which is scheduled to occur between late Friday and early Saturday morning, an event that has historically triggered significant price movements.

As markets prepare for this momentous event, ongoing geopolitical and economic factors continue to cast a heavy shadow, suggesting that the cryptocurrency market’s notorious volatility is far from over.

bitcoin market data

At press time April 17, 2024, 6:55 PM (UTC)Bitcoin ranks first in market capitalization and price Under 2.28% In the last 24 hours. Bitcoin’s market capitalization is 1.2 trillion dollars With 24-hour trading volume $41.17 billion. Learn more about Bitcoin ›

Cryptocurrency Market Summary

At press time April 17, 2024, 6:55 PM (UTC)The overall cryptocurrency market is worth: $2.23 trillion with 24 hour volume $94.2 billion. Current Bitcoin dominance is 53.80%. Learn more about cryptocurrency markets ›

recent Alpha market report
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Leeum World Fair Announcement

September 24, 2025

The FTX distributes bankruptcy $ 1.6 billion this month.

September 20, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

Hyperliquid’s USDH Stablecoin is broadcast live at an early transaction volume of $ 2M or more.

September 24, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025
Most Popular

Ethereum’s Dencun upgrade is live on the Sepolia testnet.

January 31, 2024

Meme Coin Fuels Solana DEX Surge Despite DeFi Investigation

April 15, 2024

Binance Launches Spot Trading Tournament with 300,000 USDC Prize Pool

May 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.