Bitcoin fell again this Wednesday and accumulated a 2.5% fall in the last 24 hours that placed its price below USD 57,000. In addition to BTC, the main altcoins on the market also showed red numbers. As of press time, the price of BTC is $ 56,427.
The crypto currency failed to break above 60K in recent days, and the correction was one of the possible scenarios. The barrier has been presented for more than a month as an objective of difficult realization -only exceeded on two occasions-, as happened in December 2020 with the resistance of $ 20,000.
Based on the 18% correction experienced by BTC after reaching its ATH on March 13, several specialists suggest that the crypto currency has found an important support between 50 and 60 thousand dollars , so the setbacks that occur before of the jump they become attractive as buying opportunities. This morning, BTC hit lows of $ 55,760.
Today’s crash was undoubtedly a general phenomenon. All the altcoins on the market posted daily declines, led by Polkadot (DOT) with a retracement of more than 8%, which took its price to $ 39.07.
Ethereum (ETH), the leading altcoin, is down more than 4% and is trading at $ 1,980. Chainlink (LINK) had a similar correction and fell to $ 31.22.
On the other hand, Binance Coin (BNB) and Cardano (ADA) fell by 3% and 6%, respectively, and their price ranges between USD 374 and 1.18. Lastly, XRP and Litecoin (LTC) are down 2% and are trading at $ 0.92 and $ 218.