On Friday evening, April 21, Bitcoin breached the $28,000 mark. At the time of writing, Bitcoin is trading below $27,400.
Following the leading cryptocurrencies, most top-10 cryptocurrencies moved into the red. The sole exception was BNB, up 1.9% on the day.
Total market capitalization of digital assets fell to $1.2 trillion. The gauge was down about 2% over the past 24 hours.
Earlier, Bobby Lee, founder of Ballet and former CEO of BTC China, stated ‘the arrival of spring’ for Bitcoin .
In April, Arthur Hayes, former BitMEX CEO, noted the start of a new altcoin season .
On April 19, Bitcoin breached the key level of $30,000 , and Ethereum’s price fell below $2,000. Other digital assets followed.
According to Galaxy Digital CEO Mike Novogratz, Bitcoin price will reach $40,000 when the ФРС begins cutting the key rate.