The Price of Bitcoin Fell to $44000, the Total Cryptocurrency Market Decreased by $100 Billion

Written by C, Fiona

Last updated: 2022-04-02

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Bitcoin has lost about 4% of its dollar value in the past 24 hours, while the total market value of cryptocurrency has decreased by about $100 billion in some expected decline.
In the past 24 hours, the cryptocurrency market has adjusted, and the total capital value has decreased by about $100 billion. This is the direct result of the collapse of bitcoin price to $44000, and the other alternative currencies also fell.

Bitcoin Fell to $44K

Bitcoin had a fantastic rise, reaching $48000, closing in green for a total of eight days. All this changed on March 30, when the daily candle closed at a loss. In the past 24 hours, BTC lost 4% of its value to just over $44000, leading to a decline in the whole market.

As shown in the figure above, the price has managed to recover to about $45200 in the current transaction. However, in the past 24 hours, the slump has led to a total of $121 million in liquidation positions in various leveraged BTC markets, most of which occurred in binance, represented by about 80% bulls.The largest single clearing order occurred in bitmex with a face value of $4.95 million.

Altcoins s Also fell

The situation of the whole altcoin market is no different. Overall, the entire cryptocurrency capitalization has decreased by about $100 billion over the past day. Ethereum lost about 3.5%, XRP — nearly 5%, ADA — 4.68%, etc. The biggest winner today seems to be GMT — up 40.6% in the past day and 308% in the past week, followed by ZIL — up 13% today and waves — 10%.

On the other hand, we have the most important losers, represented by Gala (down 9.5%) and ICP and hNT — both down about 8.9%.