Bitcoin and Ethereum Plummet Further, Market Sheds $60 Billion Over Past Week

Following news of a delayed Bitcoin ETF decision, the overall cryptocurrency market began to fall from its recent recovery.

Bitcoin, currently ranked #1 by market cap, is down 6.33% over the past 24 hours.

BTC has a market cap of $103.3B with a 24 hour volume of $4.97B.Chart by CryptoCompare.

Ethereum, currently ranked #2 by market cap, is down 17.19% over the past 24 hours.

ETH has a market cap of $26.77B with a 24 hour volume of $2B.Chart by CryptoCompare.

Ethereum selloffs have significantly increased following news of ICO cashouts and decreasing market sentiment, reports Bloomberg.

A new study published by the AICPA, conducted in partnership with The Harris Poll, has revealed that more than 50 percent of all Americans are aware of cryptocurrencies, with 54 percent of respondents anticipating the crypto market to either remain stable or increase in value in the next year.

Conducted on April 5-8, the AICPA's survey asked 1,014 adults in the U.S. and concluded that one in 20 respondents planned on investing in the cryptocurrency market within the next year.

While the number of new investors entering the market may be small compared to the 16 percent of respondents planning to invest in traditional markets, the level of cryptocurrency awareness demonstrates growing blockchain literacy in the general population.

The AICPA survey also sheds light on the low level of research conducted by market participants regarding investment strategy-nearly 30 percent of all respondents revealed that they do not research business fundamentals such as quarterly financial earnings, profit margins and market positioning to ensure investment opportunities fit their portfolio before investing.