Bitcoin's price has been fluctuating between $27,200 and $28,400 in the past two weeks.
The current price of BTC is at $27,500, which is down over 2% from 24 hours ago.
Despite a positive first quarter, BTC's price has not been able to break above $29,000 for more than a few minutes recently.
Edward Moya, senior market analyst at foreign exchange market maker Oanda, believes that BTC needs a bullish catalyst to break above $30,000.
Ether, the second-largest cryptocurrency, has also seen a slight drop of 0.2% and is trading at around $1,787.
Dogecoin (DOGE) has surged 16.5% after Twitter changed its logo to the dogecoin symbol.
Alchemy Pay's native ACH token rose 7% after receiving $10 million in investment from market maker DWF Labs at a $400 million valuation.
The CoinDesk Market Index, which measures overall crypto market performance, was up 0.1% for the day.
Both BTC and ETH's liquidity has worsened since the collapse of Alameda Research, the trading arm of crypto exchange FTX in November.
The S&P 500 closed up 0.3%, while the Dow Jones Industrial Average (DJIA) rose by 0.9%, but the Nasdaq was down 0.2%.