Bitcoin

when

April

BTC, which started the week with a downward trend, continues its downward trend today. 
Currently, Bitcoin, which has lost nearly 4 percent of its value in the last 24 hours, has fallen to $ 58,000. Ethereum, which lost an average of 10 percent of its value with the decline of Bitcoin, reached $ 2880. 
Bitcoin, which closed April with a decline for the first time after a 7-month rise, left April behind at $60,600. 
Currently, the most important support level appears to be $ 58,000. 4-hour and daily closes below this level may further deepen the decline. 
<figure id="attachment_141505" aria-describedby="caption-attachment-141505" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-141505 size-large" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/05/btcayllik-1024x469.png" alt="" width="696" height="319">
 <figcaption id="caption-attachment-141505" class="wp-caption-text">
 Bitcoin 1 month chart – Source: Tradingview
 </figcaption>
</figure> 
As an important development yesterday, the trial of Binance founder Changpeng Zhao was held and he was sentenced to 4 months in prison. This development was welcomed positively for the cryptocurrency market. 
Related News: <a href="https://en.bitcoinsistemi.com/breaking-verdict-announced-in-binance-founder-czs-case-here-is-the-sentence-he-received/" target="_blank" rel="dofollow">BREAKING: Verdict Announced in Binance Founder CZ's Case - Here is the Sentence He Received</a> 
Again, the most important development of this week is tonight's Fed decision. The US Federal Reserve's interest rate decision will be announced at 21:00 Türkiye time. 
On the other hand, when we look at the fear and greed index, which measures market sensitivity, we see that it has moved to “Neutral” status with 54 points after a long time. 
<img decoding="async" class="alignnone wp-image-141506 size-large" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/05/korkuacgozluluk-1024x621.png" alt="" width="696" height="422"> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/the-fall-in-bitcoin-continues-58000-levels-reached-here-is-the-latest-data/">The Fall in Bitcoin Continues: $ 58,000 Levels Reached, Here is the Latest Data</a>

The Fall in Bitcoin Continues: $ 58,000 Levels Reached, Here is the Latest Data

Bitcoin Sistemi EN

Other articles published on May 1, 2024

Bitcoin L2s Poised for Major Growth Amidst Runes Overloading BTC Network

Trader Predicts Massive Rallies for Solana This Year, Updates Outlook on One More Ethereum Rival

How Did Jerome Powell’s Speech Affect Cryptocurrencies?

Binance founder CZ expresses gratitude amid legal battles

The Bullish and Bearish Case for Shiba Inu (SHIB) Price

Exploring the impact of three notable altcoins within the crypto space

Join our free newsletter for daily crypto updates!