empty
05.04.2022 04:08 PM
Bitcoin falls in early April and altcoins steadily grow

At the beginning of this week, Bitcoin continued to maintain a correction after a spectacular rise in the second half of March.

During this Monday's trading session, Bitcoin decreased by 0.2%, closing at $46,300. At the time of writing, the asset is trading at $46,585.

This image is no longer relevant

At the end of Q1 2022, BTC lost 1.5%. At the same time, March was quite a favorable period for Bitcoin. The asset climbed by 10%, having strengthened for the second month in a row.

The cryptocurrency began a strong bullish trend on March 14, when it was worth about $37,000, and already on March 28, the coin reached $48,160 - a high of 2022. However, the asset faced a technical obstacle, and there was a period of correction. As a result, in just a few days, BTC was sent below the support of $45,000.

Notably, Bitcoin lost more than 16% in January. However, its price rose by 12% in February.

In November 2021, Bitcoin hit a new all-time high above $69,000. Since then, the cryptocurrency has been steadily declining, dropping by more than 40%.

By the end of 2021, the BTC price increased by 1.6 times to $46,200 from $28,900.

On Monday, the leading altcoins of the crypto market refused to follow Bitcoin's downtrend and showed strong growth. Thus, Ethereum added 0.4%, and Terra gained 2.5% yesterday.

At the same time, Solana gained 28% during the last week. At the moment, the asset is trading at $136.4. The altcoin takes sixth place in the top of the largest cryptocurrencies by market cap.

Solana's spectacular leap happened due to the steady expansion of its ecosystem. For example, Serum, the leading decentralized exchange on Solana, recently revealed its partnership with Burnt Finance, a decentralized NFT marketplace also based on Solana. Last week, another important booster for Solana was the announcement by the first NFT marketplace, OpenSea. It will add token support on Solana in April.

According to CoinGecko, a popular online platform that tracks the prices of digital assets, over the past 24 hours, the total capitalization of the crypto market declined by 0.3% to $2.25 trillion. The cryptocurrency index of fear and greed gained 4 points during the day and rose to 60 points.

Despite the continuous correction from the beginning of the trading session on Monday, by the end of the day, Bitcoin was able to recoup almost all of the decline due to the growth of major US stock indices.

According to CoinShares' latest weekly report, institutional investors poured about $180 million into cryptocurrency funds over the last seven days, with European investors showing the most activity, while US investors refrained from entering the market.

As for the preliminary forecasts of experts on the behavior of the cryptocurrency market in the short term, analysts at the US investment bank JPMorgan forecast the upcoming slowdown in the market growth.

Data on the fall of the stablecoins' share in the crypto market became the main confirmation of the experts' argument. JPMorgan considers this fact as an indicator of the potential to increase or decrease. As it usually happens, when the share of stablecoins is about 10% of the total market cap, analysts talk about the prospects of market growth. However, at the moment, this indicator hovers at 7%, which signals that the crypto market is about to decline.

Irina Maksimova,
Experto analítico de InstaForex
© 2007-2025
Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

El dólar sin futuro: la venta masiva apenas comienza

Hasta hace poco, el dólar parecía intocable: el ancla mundial, el refugio monetario, la última palabra en confianza global. Pero hoy cada vez se escucha más otra retórica: sobrevaloración, agotamiento

Аlena Ivannitskaya 08:22 2025-05-20 UTC+2

Bitcoin: qué esperar esta semana. ¿Se mantendrá el récord con la subida hasta los $107 000?

A la primera criptomoneda le toca mantener sus posiciones, aunque a veces le resulta difícil. En este momento, el BTC ha salido adelante, por lo que la tarea de conservar

Larisa Kolesnikova 14:34 2025-05-19 UTC+2

El consumidor estadounidense pierde impulso: lo que dicen Target y Lowe's

En la próxima semana, Wall Street centrará su atención en los informes de las principales cadenas minoristas de EE. UU., que ayudarán a evaluar cómo afectan a la economía

12:39 2025-05-19 UTC+2

STOXX 600 alcanza nuevas cimas: ¿hacia dónde se dirige el crecimiento y qué les espera a los inversores?

Cisco sube tras la mejora de previsiones para el ejercicio fiscal UnitedHealth cae por un informe que menciona una investigación penal El índice europeo STOXX 600 apunta a su quinta

12:47 2025-05-16 UTC+2

Trump contra el dólar: por qué a la Casa Blanca le conviene una moneda débil

Algo extraño le está ocurriendo al dólar: se debilita, pero nadie lo reconoce oficialmente como una debilidad. El Departamento del Tesoro repite su mantra sobre una "moneda fuerte", Trump guarda

Аlena Ivannitskaya 13:23 2025-05-15 UTC+2

El Bitcoin y altcoins al alza, gracias a los datos de inflación y la tregua temporal entre EE. UU. y China

El miércoles 14 de mayo de 2025, el mercado de criptomonedas respiró aliviado tras la publicación de unos datos de inflación más moderados en EE. UU. de lo que esperaban

Natalia Andreeva 13:33 2025-05-14 UTC+2

NRG Energy despega tras un acuerdo de $12 mil millones — ¿nuevos actores en el sector energético?

Índices al alza: Dow +2,81%, S&P 500 +3,26%, Nasdaq +4,35%, Las acciones superan a los activos refugio por distensión comercial Apple sube ante posibles aumentos de precios en iPhone Índice

12:10 2025-05-13 UTC+2

El Bitcoin en picado: primero conquista la cima, luego retrocede. Beneficio del acuerdo entre China y EE.UU.

El lunes 12 de mayo, el precio del Bitcoin superó los $104 000, alcanzando un pico de $105 000. Sin embargo, posteriormente la primera criptomoneda experimentó una caída. Además

Larisa Kolesnikova 11:09 2025-05-13 UTC+2

El oro está de capa caída: ¡sus precios han bajado! Contraataque del dólar y retirada del euro

A comienzos de esta semana, el metal amarillo cedió parte de sus posiciones, reaccionando al contexto geopolítico. Aun así, la demanda de oro se mantiene moderadamente alta, lo que permite

Larisa Kolesnikova 09:05 2025-05-12 UTC+2

Trump promete acuerdos ya esta semana: ¿en qué se traducirá esto para el dólar?

Durante el fin de semana, Trump insinuó posibles acuerdos comerciales ya esta semana. Como de costumbre, no hubo detalles concretos, pero las consecuencias no se hicieron esperar. El lunes

Аlena Ivannitskaya 08:28 2025-05-05 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.