The global cryptocurrency market has seen a decline with Bitcoin (BTC) dropping close to $66,000. CoinGecko data shows that the global crypto market capitalization has decreased by 4.6% in the past 24 hours, currently at $2.63 trillion. However, the daily trading volume has increased by 42%, reaching $134.77 billion.

Bitcoin’s market cap is hovering around $1.3 trillion with a 24-hour trading volume of $40 billion, down from $70,000 to $66,400 in the past day. Bitcoin ETFs saw a total net outflow of $85.7 million on April 1, after reaching a total of $862 million in inflows last week.

On March 31, Tether purchased 8,888 Bitcoins for $618 million, with an average price of $69,531 per coin. The company currently holds over 75,000 BTC at an average price of $30,305.

Investors are discussing the possibility of whale manipulations and buying the “dip.” According to Santiment data, calls for “buy the dip” have surged in the past 24 hours, representing 33.55% of total social volume around crypto-related topics. Most of these conversations are happening on Reddit and 4chan, with discussions of another selloff only making up 2.46% of total conversations.

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