BTC, ETH plummet amid US stock futures decline as investors prepare for Q1 earnings - BitcoinEthereumNews.com
The market price of bitcoin (बीटीसी) dropped below $39,000 on April 18 in a declining trend during the Easter holidays. Meanwhile, ether (ETH) price fell below $3,000 for the first time since mid-March. The combined crypto market has lost almost $400 billion since early April, with analysts warning a “disaster in the financial markets” could push bitcoin under $30,000. FxPro senior market analyst Alex Kuptsikevich बोला था Forbes that: “The signal for a break of the mild upward trend would be a consolidation below the $38,000 per bitcoin levels. If the bulls capitulate, the first cryptocurrency could be pushed into the $32,000 to $35,000 range without much resistance. A consolidation scenario below $30,000 would require an absolute disaster in the financial markets,” Investors are bracing for the coming week The fall in cryptocurrency prices comes amid a similar decline in U.S. stock market futures over the Easter weekend. In addition, investors are bracing for major first-quarter earnings reports and speeches by U.S. फेडरल रिजर्व policy-makers. Fed‘s policy to fight U.S. inflation doesn’t make markets less fearful, as the consumer price index for March showed an 8.5% increase year over year, levels not seen since 1981. Fed officials have promised to do whatever it takes to