Bitcoin’s value continues to plummet, reaching its lowest point in April at $27,000. In the past 24 hours, most altcoins have suffered even more, with APT and OKB experiencing a 10% slump in value from the mid-cap alts.
This comes after Bitcoin’s successful surge on April 10, when it surpassed $30,000 for the first time since June 2020 and peaked at just over $31,000 on April 14.
However, on April 19, the asset’s value plunged to $29,000 in just a few hours, and the situation worsened in the following days.
On April 22, Bitcoin dropped to $27,100, its lowest position since March 28. Currently, Bitcoin trades slightly above $27,000, down 3% for the day and over 10% for the week.
Its market capitalization is below $530 billion, after reaching $600 billion only a few days ago. Its dominance over the alts is close to 46%, taking a breather.
