The figure reached almost $380 million per day, according to Coinglass. Alex Kuptsikevich, the FxPro senior market analyst, told crypto.news that the closing price on April 30 had become the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level. Kuptsikevich added that he does not expect Bitcoin to recover from its fall anytime soon. “Over the past 13 years, bitcoin has ended a given month up on seven occasions and down six times.
The average rise was 31.3%, and the average decline was 14.5%.”
As we see steep falls in the prices of leading digital tokens such as Ethereum and Solana, the cryptocurrency space could even be a bellwether for conventional markets ahead of today’s policy decision from the Fed. His lawyers emphasized his cooperation with investigators and U.S. authorities during the proceedings. The defense also pointed out that Zhao is not currently involved in managing Binance.
