The market (BTC) peaked at over $67,000 on Monday morning, but by afternoon it had dropped below that mark.
The biggest cryptocurrency was trading at $66,925 when this review was published. A total of $23,089 billion is exchanged every day.
Binance Coin (BNB) dropped 3.57 percent to $573 and Ether (ETH) dropped to $3,099 in value.
The two top altcoins that lost the most value in the last day were Shiba Inu (SHIB) at $0.000023 and Cardano (ADA), which both fell by over 4% to $0.467).
If the pandemic were to end in the last days, analysts at 10x Research predict it would not rise above $67,500.
Also, it’s quite improbable that cryptocurrency prices will plummet. At the $64,000 level, she can offer assistance.
According to the 10x Research note, the $67,500 resistance zone was formed towards the end of April. It might be feasible to set a new record if it manages to breach security.
About $950 million was drawn in last week by crypto exchange-traded funds (ETFs) that invest in bitcoin (BTC).
Due to macroeconomic uncertainty, investors’ risk appetite is still low, but they have started to turn to this instrument again.