The cryptocurrency market experienced a significant downturn on April 12, 2024, coinciding with the opening of the stock market. Bitcoin (BTC) saw a considerable drop in value, plummeting by more than $4,000 to $66,440. Similarly, Ethereum witnessed a decline of 9% during the same period, reaching $3,216, while Dogecoin experienced a sharp decline of 14.2%.

The downward trend began early in the day but intensified around noon, with minor decreases escalating into double-digit declines across several cryptos. Although no major developments were reported in the crypto sphere on that day, such volatility often occurs toward the weekend, as was the…

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