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BTC and ETH Prices Plummet Over 50% From All-Time Highs

Bitcoin and Ethereum have both dropped over 50% from their peak values, with recent market data showing fluctuating trends and increased trading volumes.
Published on 2023-04-04

Bitcoin's Price Decline

Bitcoin (BTC) has seen a significant decrease, trading at $27,883.81, marking a 59.57% drop from its all-time high (ATH) of over $69,000 in November 2021. Despite this long-term decline, BTC experienced a modest fluctuation over the last day, reaching a high of $28,475.62 and a low of $27,276.72. The cryptocurrency also weakened slightly against Ethereum (ETH) by 0.87% during the same period. However, the weekly performance for Bitcoin remains positive, with a rise of over 2% in the past seven days. Its 24-hour trading volume showed a significant increase, standing at $19,092,485,199, up more than 40% from the previous day.

Ethereum's Market Performance

Ethereum (ETH) is also facing a substantial decline, currently priced at $1,808.77, which is more than 60% lower than its ATH in November 2021. Over the last 24 hours, ETH has seen a 1.52% price increase. The altcoin's weekly performance is favorable, with a gain of over 4% in the past seven days. ETH's trading volume has also surged, reaching $9,512,253,452, which is a 44% increase from the day before.

Market Overview and Trends

Both Bitcoin and Ethereum have experienced significant declines from their peak values, yet recent data indicates short-term fluctuations and increased trading activity. These trends highlight the ongoing volatility in the cryptocurrency market. Investors are advised to conduct thorough research and due diligence before making any financial decisions, as the market remains unpredictable and subject to rapid changes.


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