Quiet after the red day

At 6 a.m. this morning, April 13 (Vietnam time), Bitcoin price trading on CoinDesk at $39,952, a slight increase of 0.8% compared to yesterday. However, compared to 7 days ago, each Bitcoin “evaporated” 12.8%.

Statistical data shows that in the last 24 hours, this virtual currency traded the lowest at 39,275 USD and the highest at 40,659 USD.

According to CoinMarketCap, Bitcoin trading volume during this period is around $30.8 billion, with market capitalization at $758 billion.

On Vicuta, an exchange that is of great interest to many Vietnamese, the buying price of Bitcoin dropped to 922 million dong, while the selling price was 963 million dong.

Bitcoin is moving sideways, but a good signal has appeared when many large-cap cryptocurrencies begin to recover. Highlights are Binance Coin up 4.68%, Ripple up 2.7%, Solana up 2.6%, Cardano up 2.7%, Terra up 2.4%, Dogecoin up 1.7%, Polkadot up 2, 8%…

The gain of most cryptocurrencies helped to cover the market in green, but the total market capitalization recorded a modest increase of 0.9% to $ 1.860 billion.

The virtual currency market in general and Bitcoin in particular has just experienced a steep decline. Bitcoin, after continuously maintaining high levels and peaking at $48,000 on March 29, has turned back and dropped below $40,000.

According to analysts, the tightening of monetary policy in the US in the near future is creating a negative sentiment for the market. Investors fear that the US Federal Reserve (FED) may soon announce the next rate hike.

Azcoinnews believes that there is a high probability that Bitcoin will continue to retest the March low, at $37,600.