Reading time: ~2 m
Bitcoin started to suffer big losses last week.
The pressure has increased over the past few days, and now the cryptocurrency is threatened with a rollback below $42,000. At the time of publication of this review, the largest digital currency was trading at around $42,930. BTC capitalization fell by almost 9% over the week to $804.62 billion.
All leading altcoins start the new week in the red zone. Terra (LUNA) and Avalanche (AVAX) suffered the greatest losses, they fell by 5% per day to $88.71 and $79.97, respectively.
Ether (ETH) and Binance Coin (BNB) on Monday, April 11, rolled back 2% to $3180 and $417. Solana (SOL), XRP and Cardano (ADA) dropped to $110.6, $0.743 and $1.02. The capitalization of the crypto market has decreased to $1.94 trillion.
According to Bloomberg analysts, bitcoin is at high risk. Already today, the coin may fall below $42,000 if the US stock market opens trading with a drop in business activity indices.
The correlation between BTC and Nasdaq reached record highs at the end of last week (0.6945).
Most likely, in the coming days, the dependence will continue, and BTC correction will become inevitable in the event that capital exits risky assets, experts predict.
#Bitcoin #threatens #fall
