BTC Corrects Below $44K With Markets Bleeding $70B

BTC corrects below $44K as the market bled out $70 billion we can see a new correction forming so let’s take a closer look at our latest Bitcoin news today.

The past week was filled with strong volatility but a lot of it was due to a downside. Bitcoin is now trading at around $43,800 which is down by 3.6% during teh week. It is interesting to note that this happens as the biggest BTC-focused event is now taking place in Miami. The first week of April wasn’t very productive and for BTC the price was sitting at $46,000 this week it was looking to test the $47K and it failed on a few occasions and four days later the bears took control.

BTC corrects below $44K and took advantage of the buyers’ inability to produce the stronger gains but bears pushed the price down and by the next day, BTC was trading below the $43K price for a short time and it managed to recover so it is now trading below $44,000. The rest of the market followed a similar path with most altcoins corrected. ETH lost some of the gains that it delivered previously but then finished the week flat with a 0.3% increase. BNB is up by 1.1% and SOL and XRP got down by about 4%. ADA and aVax are both down by 6%.

It is worth noting that Terra behind UST stablecoin announced plans to purchase $200 million worth of AVAX and this happened after Do Kwon started purchasing huge chunks of BTC to build up a huge reserve for UST. All in all, the market looks quite indecisive and this could be due to the overall uncertainty across teh traditional market it is interesting to see how things will shape up in the weeks to come and if the geopolitical tension will have its toll.

As recently reported, NEAR protocol led the way with a 24% surge to $20 while Bitcoin eyes $44K. after a few days of freefall and hitting a 2-week low, BTC bounced off and reached $44,000 with the rest of the altcoins all being in the green today. However, NEAR protocol stole the show with a 24% massive surge. The recent Bitcoin price movement was mainly going south and the asset spiked above $47,000 on multiple occasions before the bears took control over the market. One day later, BTC found itself dipping below $45,000 but the situation worsened. This time, BTC dumped by another two thousand to a bottom of $42,800 which became the lowest point since March 24.