The market is trading in red today as Bitcoin, and Altcoins including Ethereum see a decline. As of writing, Bitcoin price has decreased by 1.34% in the last 24 hours.

Some analysts are of believe that the token will go back to the 20k mark, whereas, others are still bullish on it. Bitcoin jumped over $25,200 in February, for the first time since last year August. Despite having a great start to the year and rallying throughout the first 45 days, Bitcoin volatility has increased in the past few weeks as SEC continues to crack down on crypto companies and Silvergate Capital’s parent company has decided to wind up operations. 

The global crypto market cap stands at 997 billion USD, slipping down from the trillion mark, a decrease of 1.48% over the past day. The total crypto market volume in the last 24 hours increased by 1.07% and is currently at 44.84 billion USD.

(By Shourya Jha)