Bitcoin price turned sharply lower

Yesterday (April 26), Bitcoin price recovered to the price zone above 40,000 USD. However, until today (April 27), the Bitcoin price suddenly plunged, at one point reaching the $ 37,000 mark. Bitcoin price is currently trading at 38,000 USD/dong.

Specifically, recorded at CoinDesk at 12 am today (April 27, Vietnam time), Bitcoin price was traded at $38,402.80, down 5.38% compared to yesterday. In the last 24 hours, the highest price of Bitcoin reached 40,772.50 USD, the lowest was at 37,730.20 USD.

Bitcoin transaction volume fluctuates wildly. According to CoinGecko data, Bitcoin trading volume over the past 24 hours is close to $32 billion. The market capitalization of Bitcoin as of this afternoon reached nearly 731 billion USD.

The sharp decline of Bitcoin caused many other cryptocurrencies to plunge without stopping, the digital currency market fell into a red scene.

In the past 24 hours, Ethereum is down 5.57%, to a price of $2,843; XRP is down 6.73%, priced at $0.6511; Terra is 8.04% off, priced at $87.95; Cardano fell 6.66%, to a price of $0.834; Stellar is down 4.39%, priced at $0.182; Polkadot fell 6.05%, down to 19.96 USD; Polygon down 6.69%, price is 1.26 USD; Internet Computer down 7.05%, price is 15.25 USD; Litecoin is down 5.01%, priced at $99.56; Bitcoin Cash dropped 2.86%, price reached $304.4…

The sharp devaluation of Bitcoin and many other important cryptocurrencies has caused the total capitalization of the cryptocurrency market to plummet, far away from the $2 trillion mark. The total capitalization of the cryptocurrency market this afternoon stood at just over $1,871 billion, down 4.9% from yesterday.

Bitcoin price has fluctuated recently, in the context of the Russia-Ukraine war is still tense and inflation is high.

The correlation between Bitcoin prices and stocks is increasingly close. Bitcoin often rises and falls according to the US stock market. Today (April 27), the US stock market plunged again, causing the price of Bitcoin to plummet.

Over the past 7 days, the Bitcoin price has dropped about 8%. According to Azcoinnews, Bitcoin price may soon return to $ 37,600.

Handsome

Bitcoin price turned to increase sharply, speculators were less afraidAfter plummeting to the $ 38,000 mark yesterday, this morning (April 26), the Bitcoin price turned to increase sharply, at one point reaching the threshold of nearly $ 41,000. Cryptocurrency market is full of hope.

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