Cryptocurrency Price on April 5: Bitcoin rises above $67,500; Bitcoin Cash, Shiba Inu jump up to 10%

"Bitcoin rebounded to $69,000 within the past 24 hours before consolidating around $67,500. If Bitcoin can close above $69,000 today, it could set the stage for a potential move towards $70,000 and above over the weekend, with $65,500 acting as a key support level in case of a downturn," said Edul Patel, CEO of Mudrex

Shivam Thakral, CEO of BuyUcoin, said, "With just 2 weeks left for Bitcoin halving, the largest crypto can pick up momentum and potentially make a new ATH. Another potential scenario is a huge correction and the formation of a new local bottom before the reversal phase begins."

The total volume in DeFi is currently at $9.53 billion, 9.88% of the total crypto market 24-hour volume. The volume of all stablecoins is now at $89.8 billion, which is 93.15% of the total crypto market 24-hour volume, according to the data available on CoinMarketCap.

In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $1.323 trillion. Bitcoin's dominance is currently 52.85%, according to CoinMarketCap. BTC volume in the last 24 hours rose 12% to $35.14 billion.

If BTC fails to rise above the resistance point of $69.3k, there is a high probability of seeing another decline; current immediate support could be drawn at $67.2k, said Parth Chaturvedi, Investments Lead, CoinSwitch Ventures.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Source: Forex-Markets-Economic Times