$BTC Why is the cryptocurrency market falling today (28/4/25)?

The cryptocurrency market is once again experiencing pressure today, April 28, 2025. In the last 24 hours, the total market capitalization of cryptocurrencies and the price of Bitcoin BTC have shown a slight weakening. However, Bitcoin can still maintain itself above an important support level, reducing the risk of a deeper correction.

The cryptocurrency market remains amidst the correction.

The total market capitalization of cryptocurrencies has fallen by around $30 billion in the last 24 hours, now standing at $2.89 trillion. Currently, the market is moving within a support range at $2.87 trillion and resistance at $2.93 trillion.

This drop still shows no signs of a significant change in the direction of the market. Overall, the market appears to be experiencing only a cooling phase, not heading towards a major drop. As long as the market capitalization remains above $2.87 trillion, a potential deeper decline can be avoided.

Conversely, if a rebound occurs from the support level and manages to surpass $2.89 trillion, the cryptocurrency market will have the opportunity to move back towards the psychological figure of $3.00 trillion.