As Wall Street opened today, resuming April 21 market losses, Bitcoin faced selling pressure. Bitcoin prices fell following the stock market plunge. As a result, many experts predict that the Bitcoin price will take a hit and can dive to $37,500 per coin. Related Reading | Is Bitcoin Gonna See Another Big Drop Soon? Historical Trend May Say Yes According to TradingView data, on April 22, the price of Bitcoin hit $39,197. The crypto market significantly increased yesterday, with Bitcoin reaching above $42,700. Unfortunately, the day had cost bulls $40,000 support, which had not yet become meaningful at the time of writing. The Material Indicators team observed that the bids were filling at lower prices for analytics resources’ order books. According to a chart, there were about $100 million in bids waiting on Binance between spot and $37,500. In a tweet, Material Indicators said’ #FireCharts is showing ~$100M in #bitcoin bid liquidity between here and the $37.5k range. Expecting it to get filled, but watching to see if #BTCUSDT liquidity moves to the active buy zone or the buy zone moves to the orders resting on the @binance order book. Stock Market Today The U.S. stock market continued to go down today. The S&P 500 was down 1.75%, and the Nasdaq 100 was down 1.43% in the first 90 minutes of trading. The bond market sell-off worsened and reached “historic proportions” in Europe. In a tweet, markets co...
