As the week unfolds, so does the excitement in the world of cryptocurrencies. Today, we're thrilled to bring you a curated selection of the latest news, trends, and insights shaping the digital asset landscape.

Join us as we delve into market movements, expert analysis, and uncover valuable opportunities for investors and enthusiasts alike. Let's navigate Tuesday's crypto landscape together and stay ahead of the curve! 💡💰

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $2.48T, a 6.13% decrease over the last day.

The total crypto market volume over the last 24 hours is $120B, which makes a 28.49% increase. The total volume in DeFi is currently $10.92B, 9.10% of the total crypto market 24-hour volume. The volume of all stable coins is now $110.66B, which is 92.21% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.27%, an increase of 0.25% over the day.

Bitcoin Dips to $66k Against Analysts’ Predictions, Ethereum Risks Double-Digit Decline

This sudden bearish momentum has prompted analysts to reassess their predictions and shed light on what might be next for these digital assets.

The cryptocurrency market has been gripped by a bearish frenzy, with major coins experiencing price drops. Bitcoin (BTC) has seen its price plummet from around $70,000 in the last 24 hours to $66,000, marking a decline of approximately $5.71%. Similarly, Ethereum (ETH), the second-largest cryptocurrency, has not been spared, dropping from $3,649 to around $3,300, a 9.51% decrease.

This sudden bearish momentum has prompted analysts to reassess their predictions and shed light on what might be next for these digital assets. Last week, analysts anticipated that Bitcoin would break above overhead resistance and reach new all-time highs. However, the recent turn of events has forced a reevaluation of these forecasts.

Santiment, an on-chain analytics platform, also commented about BTC’s drop to $66k, adding that many other altcoins followed the same price trajectory. Despite this downturn, Santiment remains optimistic about a quick rebound, noting that historically, the best time to buy a coin is when it is experiencing a dip. This aligns with the idea of buying the dip, a popular strategy among cryptocurrency investors, which involves purchasing assets when prices are low with the expectation of potential future gains.

Bitcoin Halving Inches Closer With Less Than 2,900 Blocks Left

The Bitcoin Halving is fast approaching, with less than 2,900 blocks left before miners’ rewards are cut in half. This event, projected to take place sometime in April, is significant as Bitcoin’s price could enjoy a parabolic move to the upside after it takes place. 

Bitcoin Halving Set For April 19

Data from Coinwarz shows that the Bitcoin Halving is set to take place on April 19 at Block 840,000. This projection is based on Bitcoin’s current block time average, which means the Halving can come a little earlier or sometime after April 19. However, the main focus remains that miners’ supply will be cut in half. 

Related Reading: Dogecoin Price Breaks New 3-Year High – Here Are Factors That Could Drive The Price To $1

The Halving event is a deflationary measure that Bitcoin’s founder, Satoshi Nakamoto, encoded in the flagship crypto and takes place after every 210,000 blocks. Three halving events have occurred since the Genesis block in 2009, when Bitcoin’s first block was mined. The first was on November 28, 2012, when miners’ rewards were cut from 50 BTC to 25 BTC.

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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