After a turbulent April, the cryptocurrency market is showing signs of stabilization in early May. Analysts note a period of consolidation, though Bitcoin experienced slight price dips on Thursday, May 1st. On international exchanges, Bitcoin fell by 0.17% to $94,920. Indian exchanges mirrored this trend, with Bitcoin declining by approximately 1% to trade at $95,400. Despite the small decrease, Bitcoin’s resilience at lower levels, bolstered by ongoing Bitcoin ETF inflows, suggests underlying strength.
Bitcoin Trades Close to $95,000, Majority Altcoins See Price Reduction as Market Consolidates
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Bitcoin Trades Close to $95,000, Majority Altcoins See Price Reduction as Market Consolidates
After a turbulent April, the cryptocurrency market is showing signs of stabilization in early May. Analysts note a period of consolidation, though Bitcoin experienced slight price dips on Thursday, May 1st. On international exchanges, Bitcoin fell by 0.17% to $94,920. Indian exchanges mirrored this trend, with Bitcoin declining by approximately 1% to trade at $95,400. Despite the small decrease, Bitcoin’s resilience at lower levels, bolstered by ongoing Bitcoin ETF inflows, suggests underlying strength.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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