Published on 18 Apr 2024 on Zacks via Yahoo Finance
The cryptocurrency rally, which started last year and continued in the first quarter of 2024, has come to a sudden halt. Bitcoin (BTC), which hit an all-time high of $73,750 on Mar 14, was trading at $61,399 on Apr 17.
In the past month, Bitcoin, the world’s most popular cryptocurrency, has lost more than 10%. However, the recent decline in cryptocurrency prices is temporary, and a lot of factors, including geopolitical tensions are acting as headwinds.