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Bitcoin is showing signs of exhaustion, has the market endedOriginal Huang Weihong Xingyu x2023-04-2600:03 Published in GuangxiIncluded in the collection#Financial category, including digital currency π coins691Please click on the author's name above to follow to avoid missing important informationBitcoin is showing signs of exhaustionIn recent times, after Bitcoin broke through 30000 yuan, the argument of "a bull market has arrived" has been heard endlessly. Many friends have put together funds to invest and re enter the market, but the trend of coin prices has not been satisfactory

In the past 24 hours, the net outflow of cryptocurrency market value was $10 billion, currently $1.20 trillion, a decrease of 0.96% from $1.21 trillion.The market value of Bitcoin increased by 0.43% to $563.18 billion during this period, while the market value of Ethereum decreased by 1.24% to $22.74 billion.During the reporting period, the performance of the top 10 cryptocurrencies was mixed. The largest gainers were Caldano and Bitcoin, with gains of less than 0.5% each.Others, such as dog coin, BNB, Solana, Boccado, Litecoin, and XRP, lost more than 2%, respectively.The market value of the tether (USDT) and the dollar coin (USDC) increased slightly to $81.61 billion and $30.73 billion, respectively. In contrast, the Binance US dollar fell to 6.3 billion US dollars.MusicIn the past 24 hours, the trading price of Bitcoin has increased by 0.1% to $29008, as of 07:00 Eastern Time in the United States. Its market dominance has increased from 46.6% to 47%.During the reporting period, the volatility of Bitcoin wiped out over $300 million in profits, following rumors that the US government and bankrupt password exchange company (Mt. Gox) were selling this asset. CryptoSlateInsight reports that the sharp fluctuations in Bitcoin prices are caused by poor market liquidity.

Bitcoin (BTC) prices have shrugged off concerns about sudden changes in long-term dormant wallets, as well as ongoing regulatory uncertainty surrounding Coinbase's lawsuit against the US Securities and Exchange Commission due to unclear encryption rules, and have rebounded strongly to a level of over $28000 for the first time in four days.This may be due to a surge in technical buying before the 50 day moving average of $27200, as well as recent support from a low point slightly above $27000