Bitcoin and other cryptocurrencies experienced a decline in early U.S. trading, with the leading cryptocurrency falling 3.8% to trade at $29,282 according to Binance data via TradingView. Ether also slipped below $2,000, with altcoins such as Binance's BNB, Ripple's XRP, and Cardano's ADA also experiencing losses over the past day.

The decline in crypto prices has been attributed to their close ties to equity markets, which are currently focused on first-quarter earnings. Equities linked to crypto and blockchain, such as Coinbase and MicroStrategy, also experienced declines in their share prices, with Coinbase down 4% and MicroStrategy falling 3.2%.