The price of Bitcoin (BTC) returned to the US$72,000 mark this Thursday (14), according to CoinGecko. At first, the cryptocurrency opened the day stable and remained in the US$73,200 region, but the price fell soon after.
At the time of writing this text, Bitcoin is operating at a drop of 0.9%, the same percentage drop as the correction in reais, which is now R$362 thousand.
On the other hand, its trading volume fell by 21.49% to $48.03 billion in the last 24 hours. Meanwhile, Bitcoin’s market cap today has reached $1.43 trillion.
This declining performance, combined with the reduction in volumes, brings back the scenario of a possible correction before the halving, scheduled for April 15th.
Bitcoin price today
According to the chart below, Bitcoin has established a rising wedge pattern since its arrival at $60,000. This pattern often foreshadows strong price drops typical of an upward movement correction.
“This formation is accompanied by a notable divergence, increasing the likelihood of a downward breakout in the near term. The anticipation of such a movement suggests an imminent correction in the value of Bitcoin, potentially unfolding later this week”, explained Fernando Pereira, analyst at Bitget.
The biggest risers in the Top 10 were Solana (SOL), whose price rose 13.2%, and Dogecoin (DOGE), which rose 9.6%. In fact, the day was once again one of appreciation for memecoins, as Pepecoin (PEPE) rose 16.7% and BONK rose 22.8%.
Update on Ethereum and WIF shoots up 50%
In the altcoin arena, Ethereum (ETH) price fell 2.6% and lost support at $4,000, even with the successful launch of the Dencun update. This movement indicates that the market had already priced in the upgrade and, with its launch, many decided to sell ETH to make profits.
With the fall, the price of ETH reached US$3,957.90 and its market value reached US$475.46 billion. Meanwhile, trading volume fell 16.45% to reach $21.88 billion.
But the highlight of the Top 100 was Dogwifhat (WIF), whose community raised almost US$700,000 to take the memecoin to Sphere, in Las Vegas. This structure is a luminous sphere in the middle of the city that houses several advertisements, making it one of the most prominent places on the planet.
With the success of the campaign and the chances of WIF having its face in the city of casinos, the price of memecoin soared and reached an increase of 50% this Thursday. The movement lost strength, but WIF still operates with an increase of 42%, worth US$3.17. This result represents the all-time high price of memecoin, whose market value reached US$3.17 billion.
