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Bitcoin price drops to around USD $41,000 as major altcoins go down on April 11

Alex Coin
April 12, 2022
Reading Time: 5 mins read
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What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and the main cryptocurrencies open this Monday, April 11, the first day of Easter, registering losses of more than 4% in the last 24 hours.

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***

Bitcoin falls back to around USD $41,000 on April 11th

A new day begins and we open our price report for this Monday of Easter week reviewing the evolution of Bitcoin ( BTC ), currency currency is a medium of exchange that defines value. that for the morning of April 11 is quoted at exactly USD $40.909 per unit, and amid its fluctuations it is going down with losses of 4.1% in the last 24 hours.

The data published in our section CryptoMarkets reflect that, since the afternoon of 10 April last, the price of Bitcoin ha venido cayendo tras alcanzar máximos cercanos a los USD $43.350 por unidad. A partir de ese punto y en un lapso de cinco horas la cotización de la moneda digital digital technologies are these electronic tools that have the ability to generate, store or even process data. cayó en más de USD $1.500, y aunque tuvo un período de aparente recuperación y estabilidad, es a partir de las 3:00am (hora Nueva York) de esta madrugada cuando nuevamente cae hasta llegar al momento de edición.

Bitcoin price evolution this April 11th
Bitcoin price evolution this April 11th

Similarities with the NASDAQ 100

While fluctuations in the price of Bitcoin are part of everyday life for those who follow this market an area or arena, online or offline, in which commercial dealings are conducted. closely, an interesting aspect revealed by the analysts at Bloomberg is that the evolution of the digital currency is very similar to the one shown by the indexNASDAQ 100, with which it has maintained a certain correlation since the beginning of the pandemic by COVID-19 and with which it has an increasingly close refers to the closing price; similar to the same term used in stock trading. relationship.

As such, the NASDAQ 100 closely follows the performance of the 100 largest local and international non-financial companies by market capitalization. This includes entities such as Apple, Microsoft, Tesla, Amazon, Amgen and many others, a group that is mainly made up of companies in the technology sector.

According to Bloomberg data, the correlation over the past 40 days between NASDAQ 100 y el precio de Bitcoin corresponds to 0.6945, a statistical measure that reflects the existence of a strong directly proportional relationship between both indicators, which suggests that they would be behaving similarly both upwards and downwards.

Top altcoins down on April 11th

In the same way in which it fell Bitcoin, para la mañana de este 11 de abril tenemos que las principales altcoins también van a la baja en un día en el que aparentemente destacan las perdedoras.

With falls ranging from 5% to 10% we have the cases of Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ), BNB , XRP Solana ( SOL ), Cardano ( ADA ), Terra ( LUNA ), Avalanche ( AVAX ), Dogecoin ( DOGE ), Polkadot ( DOT ), Shiba Inu ( SHIB ) and many others.

Winners and Losers for April 11

Finally, according to our section CryptoMarkets these would be the currencies with the most pronounced fluctuations at the time of editing:

???? Winning Cryptocurrencies:$GMT STEPN 8,96% (USD $2,42)$ZIL Zilliqa 4.49% (USD $0.12)$TON Toncoin 3,19% (USD $1,96)$APE ApeCoin 1,05% (USD $11,05)$FRAX Frax 0.52% (USD $1)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) April 11, 2022

???? Losing Cryptocurrencies:$MINA Mina -12.07% (USD $2.7)$THETA Theta Network a network refers to all nodes in the operation of a blockchain at any given moment in time. -11,69% (USD $3,08)$RUNE THORChain -11,56% (USD $8,14)$WAVES Waves -11,02% (USD $21,66)$ENJ Enjin Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. -10,63% (USD $1,53)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) April 11, 2022

To buy cryptocurrencies through DiarioBitcoin

We understand that this is a complex and especially sensitive time in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market, but if you are one of the people who see opportunities with the current prices, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital currencies.

If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum ( ETH ) or want to get someTether ( USDT ), all you have to do is access our website CryptoMarkets and click on the currency of interest. In addition to viewing its price, performance and other market data, you will also find a buy button that will take you to a exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. reputable in which to do business.

Buy button to purchase cryptocurrencies
Buy button to purchase cryptocurrencies

We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.


Source: CryptoMarkets , CoinMarketCap

Reporte de Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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