Bitcoin has remained in the same trading range, just around $28000, which has led to stable crypto market sentiments.
Bitcoin and Ethereum both registered declines in the last 24 hours, but it wasn’t enough to trigger panic in the crypto market. In fact, investors and traders witnessed a stable crypto market, with most altcoins trading at the same approximate levels in the last 24 hours. ETH had dipped after touching a high of $1900 and presently had a 24-hour trading volume of $12 billion with a market cap of over $230 billion.
Dogecoin also went through a downward trend after an initial rally post-Twitter’s logo change. It is currently trading with a market cap of over $12 billion. Cardano, Polygon, and XRP, amongst other cryptos, were trading at lower levels. The crypto market could also be cautious of the release of the US non-farm payroll data at the end of the week.
The stable crypto market witnessed its overall market capitalization hovering around $1.2 trillion, with a 1.7% decline in the past 24 hours. Overall, the crypto trading volume was around $48 billion on the last day, while Bitcoin’s share in the stable crypto market cap was dominant with almost $540 billion.
BTC/USD 1D price chart
Bitcoin is currently trading at around $27900 on April 6, 2023, with BTC/USD down by almost 2.3% in the previous 24 hours. With most cryptos witnessing stagnant but stable movements on April 6, the stable crypto market could move up with bullish trends at the end of the week. BTC/USD is trading higher than its 20-day EMA (26,782.36). Bitcoin’s 24-hour volume stayed at around $15 billion.