BTC Dips By 0.28%, Will Bitcoin Take A Big Swing?

Bitcoin Price Today: The market is trading in red today as Bitcoin, and Altcoins including Ethereum see a decline. As of writing, Bitcoin price has decreased by 0.28% in the last 24 hours. Traders are now constantly wondering about where BTC might go next. 

Some analysts are of believe that the token will go back to the 20k mark, whereas, others are still bullish on it. Bitcoin jumped over $25,200 in February, for the first time since last year August. Despite having a great start to the year and rallying throughout the first 45 days, Bitcoin volatility has increased in the past few weeks as SEC continues to crack down on crypto companies. 

The global crypto market cap stands at 1.02 trillion USD, a decrease of 0.77% over the past day. The total crypto market volume in the last 24 hours decreased by 8.27% and is currently at 27.96 billion USD.

Bitcoin (BTC) price dips by 0.28%

The world’s largest crypto, Bitcoin decreases by 0.28% in the last 24 hours, thus, taking the market cap to 432.61 billion USD. Each BTC is trading for 22,401 USD. The crypto which was seeing a turnover at the start of the year has been facing a tough few weeks. Trading volume in the last 24 hours is up by 7.13% indicating poor interest from investors. The dominance of Bitcoin has increased by 0.21% compared to the previous day and stands at 42.34%.Source: coinmarketcap

Also read: Ethereum Price Today: ETH Falls By 0.70% As Shanghai Upgrade Gets Delayed

In the last 24 hours, Bitcoin was trading as high as $22,331  and fell to as low as $22,497. In the past week, the token was also trading for as high as $23,880. The possibility of the crash of Silvergate Capital gave a blow to BTC price this week. 

In the event that the price surpasses the $22,500 mark, a bullish breakout may occur, potentially leading BTC to reach the $22,800 or even $23,250 levels. Nevertheless, if the support remains steady around the $22,000 or $21,750 threshold, there is a possibility of a rebound.

Price of Bitcoin in different countries:

BTC Price in India

Each BTC can be bought in Indian currency for INR18,35,112.

BTC Price in Singapore

For the people of Singapore, each BTC is currently costing 30,152 Singapore dollar.

BTC Price in Dubai

The price of each BTC in Dubai is 82,275 UAE Dirham.

Also read: Crypto Prices Today: Bitcoin, Cardano, XRP, Polygon, Polkadot Drop By 0.50-3%

Shourya is a fintech enthusiast who mainly reports on Cryptocurrency Prices, Union Budget, CBDC, and FTX collapse. Connect with her at [email protected] or tweet at Shourya_Jha7

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.