The price of Bitcoin has plummeted, dropping by 14.8% in the last week. The leading cryptocurrency according to CoinMarketCap has dropped by 17% since hitting its all-time high of $73,750, which occurred six days ago on March 14, 2024. The decrease in BTC price has caused the entire cryptocurrency market to also drop, resulting in a 5.04% reduction in market cap to $2.29 trillion over the last 24 hours. After reaching a low of $61,000, investors are questioning if Bitcoin price rally has come to an end. Let’s delve in for more details.
Bitcoin Price Market Performance
Despite experiencing notable growth of 123% so far this year and 18% in the last month, the value of BTC decreased by 5.28% in the previous day to reach $61,380.13. A significant uptick of 30.07% was observed in its 24-hour trading volume, reaching $73.07 billion, indicating strong trading activity in the market. Nevertheless, its market capitalization decreased by 5.25% to hit $1.21 trillion.
Why is BTC Price Fallin
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