Bitcoin price fell below $40,000 after being flat. Other major cryptocurrencies, including Ethereum, have fallen as the global crypto market spins into volatile mode.
Bitcoin was down 17% in April. The world’s most popular cryptocurrency has fallen 44% since hitting an all-time high of $69,000 in November last year, according to data from CoinDesk.
Market experts have claimed that there could be a breakout or breakout in Bitcoin, according to CoinDesk.
The second-largest cryptocurrency by market capitalization, Ethereum, fell below the $3,000 mark.
BITCOIN PRICE TODAY
Bitcoin price fell 1.35% to $38,515. Ethereum fell 0.90% to $2,841.
XRP fell 1.78%, Solana fell 2.39%, Cardano fell 0.78%, Stellar lost 1.18%.
Other Alternative Coins Dogecoin fell 1.64%, Polkadot fell 3.12%, Shina Ibu fell 3.24%.
Chainlink fell 0.37%, Polygon fell 1.69%, Axie Infinity fell 4%, Uniswap fell 0.71%, Tron fell 5.38%.
Last week, Finance Minister Nirmala Sitharaman said India would make a considered decision on virtual currency regulation. The decision on crypto won’t be rushed, she said during an interaction at Stanford University.
“It’s going to take time…all of us to be sure that at least with any given information available, we’re making the right decision. It can’t be rushed,” she said.