Bitcoin Dropped More Than 17% Last Month

The value of BTC fell by 17.4% in April, according to CoinGlass. As a comparison, in April last year, the capitalization of Bitcoin decreased by almost 2%.

However, since 2016, every April ended with very good results for the leading cryptocurrency. For example, in 2018, 2019 and 2020, BTC jumped by more than 33% in April.

However. altcoins are trading in different directions. Ether (ETH) and Binance Coin (BNB) have risen to $2,840 and $389, respectively, whereas XRP, Cardano (ADA) and Terra (LUNA) have increased by more than 2% to $0.623, $0.785 and $83. Solana (SOL) and Dogecoin (DOGE) have fallen 1.5% to $88.8 and $0.131. The total capitalization of the crypto market has decreased to $1.747 trillion.

According to analysts from Rekt Capital, Bitcoin support in the region of $38,000 will work. This mark has become an updated fundamental value for the cryptocurrency.