Bitcoin continues to fall on Wednesday, April 17, by declining over 3.84 per cent to $61,309. The world’s largest cryptocurrency has fallen over 8.81 per cent in past five days and over 10.31 per cent in the last one month.
The Commerce Department’s Census Bureau reported a 0.7% increase in retail sales last month. Additionally, data for February was revised upward, indicating a stronger rebound of 0.9%, marking the largest gain in over a year, as opposed to the initially reported 0.6%.
Also read: Bitcoin tumbles nearly 8%, settling at $63,000 from March-April highs amid the Israel-Iran crisis
Over the past 24 hours, the global cryptocurrency market experienced a 4.1% decrease, reaching approximately $2.29 trillion in market capitalization.
Presently, the total volume within the DeFi sector stands at $9.35 billion, accounting for 7.92% of the entire cryptocurrency market’s 24-hour trading volume. Meanwhile, the collective volume of stablecoins amounts to $110.24 billion, constituting 93.37% of the total 24-hour trading volume in the cryptocurrency market, as reported by CoinMarketCap.
Within the same timeframe, Bitcoin’s market capitalization dropped to $1.239 trillion. Bitcoin’s dominance is currently at 54.11%, as indicated by CoinMarketCap. Moreover, Bitcoin’s trading volume in the past 24 hours increased by 6.23% to reach $44.77 billion.
Also read: Hong Kong set to approve its first spot bitcoin ETFs in April: Report
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