Bitcoin (BTC) price drops to the $80k range as it continues trading in a downtrend and falls 4%

Ahead of the weekend, Bitcoin price is going through increased volatility with the overall crypto market seeing bearish momentum. Due to lack of any significant news, Bitcoin and leading altcoins are losing their strength while pulling back to monthly lows.

Bitcoin price today dropped in the $82k range as it continues trading in a downtrend and falls 4% from the daily high of $85,500 to as low as $82,300 on leading crypto exchanges. Following Bitcoin, ETH and several other altcoins are fumbling in high volatility.

Ahead of the weekend, Bitcoin price is going through increased volatility with the overall crypto market seeing bearish momentum. Due to a lack of any significant news, Bitcoin and leading altcoins are losing their strength while pulling back to monthly lows.

At the time of writing, BTC price is trading at around $82,028, down 3.57% in the past 24 hours and has a 24 hour trading volume of $27.06 billion.

ETH & Other Altcoins Fumble

The increased selling pressure has put ETH on an aisle today where it dropped to $1,837 while traders were expecting it to recover $2,000 during the weekend. In the past 7 days, ETH price has decreased by 7.77% from the weekly high of $2,100, which it marked on 24 March.

Other major altcoins, including XRP, SOL, ADA and DOGE, have also decreased significantly in the past 24 hours. XRP and DOGE dropped by over 6.5% while SOL, BNB and ADA saw a 5% decrease in their respective market prices.

In the top 100 list, none of the crypto assets have notable growth today while other low caps gained over 5%, including LAYER, MEW, GRASS, FTT and others. On the losing side, S (Sonic) is leading by dropping 13%, followed by TAO's 12% decrease. Most of the altcoins, including CRV, BONK, WLD, CAKE, TIA and KAS, dropped by nearly 10% in the past 24 hours.

Today's Top Gainers

Today's Top Losers

As per Coinmarketcap data, the global crypto market cap today sits at $2.66 trillion with a 24 hour trading volume of $74.72 billion.