Increasing stock market volatility drags Bitcoin and altcoin prices lower

The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond.

Data from Cointelegraph Markets and TradingView shows that the price of (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation.

4-hour chart. Source: TradingView
Daily cryptocurrency market performance. Source: Coin360
ADA/USDT 4-hour chart. Source: TradingView