Market Wrap: Cryptos Slide Amid Higher Volatility; Returns Typically Strong in April

Bitcoin (BTC) dipped below $47,000, although technicals suggest support around $43,000 could stabilize the pullback. The cryptocurrency also saw a strong uptick in short-term volatility over the past 24 hours, similar to what occurred during bitcoin’s breakout above $45,000 last week, according to data provided by Skew.