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Cryptocurrency Price April 5: Bitcoin Soars Above $67,500; Bitcoin Cash and Shiba Inu Up to 10%
Major cryptocurrencies rallied on Friday, recovering from recent declines, as Bitcoin recovered to $67,000. Meanwhile, the global market cryptocurrency market cap has increased by 2% to around $2.52 trillion in the past 24 hours. As of 10:41 AM, Bitcoin has shown a 3.2% increase to $67,518, while Ethereum has seen a slight decline of 0.4% to $3,278. Additionally, altcoins including XRP (2.5%), Toncoin (3.8%), Shiba Inu (4.6%), Cardano (2.9%), Shiba Inu (2%), and Bitcoin Cash (10%) have seen significant rallies.
“Bitcoin bounced to $69,000 over the past 24 hours before consolidating around $67,500. If Bitcoin can close above $69,000 today, it could set the stage for a potential move towards $70,000 and beyond over the weekend, with $65,500 acting as a key support level on the downside,” said Edul Patel, CEO of Mudrex
Shivam Thakral, CEO of BuyUcoin, said: “With only 2 weeks left for Bitcoin halving, the largest cryptocurrency can gain momentum and potentially hit a new ATH. Another potential scenario is a massive correction and a new local low before the reversal phase begins.”
Total DeFi volume is currently $9.53 billion, which is 9.88% of the total 24-hour cryptocurrency market volume. All stablecoin volume is now $89.8 billion, which is 93.15% of the total 24-hour cryptocurrency market volume, according to data available on CoinMarketCap.
Over the past 24 hours, the market capitalization of Bitcoin, the world’s largest cryptocurrency, has risen to $1.323 trillion. Bitcoin’s dominance currently stands at 52.85%, according to CoinMarketCap. BTC volume over the past 24 hours has increased by 12% to $35.14 billion.
If BTC fails to clear the resistance level of $69.3K, another decline is highly likely; the current immediate support could be found at $67.2K, said Parth Chaturvedi, Investments Lead, CoinSwitch Ventures.
(Disclaimer: Recommendations, advice, opinions and views provided by experts are personal. They do not represent the views of The Economic Times)
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