It is about 30% far away from its record high of near $69,000 it had hit in November last year.
“On the daily timeframe, the BTC trend can be seen retesting the previous breakout level.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization was also down nearly 2% to $3,436.
The performance of other digital tokens were mixed with Cardano trading with gains whereas Polygon, Litecoin, Stellar, Uniswap, Solana, Terra, Polkadot slipped over the last 24 hours.
Meanwhile, cryptocurrency volumes in India have dropped new laws to tax the digital assets kicked in on 1 April, according to Bitcoin.com.
SOL is up 28% in the past seven days and Luna about 22%, according to tracker CoinGecko.