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    Cryptocurrency

    Bitcoin Hits Fresh Low as Crypto Market Bleeds

    Marketforces AfricaBy Marketforces AfricaApril 7, 2025No Comments2 Mins Read
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    Bitcoin Hits Fresh Low as Crypto Market Bleeds
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    Bitcoin Hits Fresh Low as Crypto Market Bleeds

    The trading price of the world’s largest digital asset, Bitcoin, fell sharply on Monday to hit a new low in 2025 amidst global uncertainty that is pushing investment interest towards safe haven investments.

    The sell pressures on top cryptocurrencies have a negative impact on the market value of all listed digital assets in the market today. Data showed that the global crypto market cap declined by 2.34% in the last 24 hours to settle at $2.5 trillion.

    The total crypto market volume over the last 24 hours spiked to $233.19 billion with mixed trading transactions, which makes a 351.49% increase. The total volume in DeFi printed at $13.82 billion, accounting for 5.92% of the total crypto market’s 24-hour volume.

    The volume of all stable coins is now $220.13 billion, according to data from CoinMarketCap.com, which is 94.40% of the total crypto market’s 24-hour volume.

    Bitcoin (BTCUSD) is trading at the $78,800 level at press time after losing more than 5% in the last seven trading sessions—down by 5.1% to around $74,835. The digital asset had lost 5% in 24 hours before it started its recovery journey.

    Ethereum is also under significant sell pressure, trading at $1,555 after it lost more than 15% in a week due to investors exiting their positions for safer investment assets.  #Bitcoin Hits Fresh Low as Crypto Market Bleeds Yield Slides on Post Auction Demand for Nigerian Treasury Bills

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