Bitcoin price today was standing at $33,644.72 at the time of writing, the lowest level in a month. This was a sharp drop of 2.34 percent over the past 24 hours, according to data from CoinMarket Cap.
“Bitcoin dropped further below $34,000 as the dollar index continued to strengthen. Meanwhile, whale transactions on Bitcoin and Ethereum hit a new high in nearly four years despite lower prices and general worrisome sentiment among investors. Weekly trend broke. Long channel pattern for BTC. Next resistance is expected at $48,600 and immediate support for BTC is expected at $33,100. The WaziX Trade Desk said in a note to News18.com: “We can see Bitcoin and other currencies increasing as the continued The dollar index is rising.
“When the Federal Reserve announced that interest rates would rise by half a percentage point, BTC saw a brief rally with the cryptocurrency touching $40,000. This sentiment was short-lived as market participants began panicking over inflation and a possible recession, sending the stock and crypto markets down. Batega added.
Ether fell below $2,500 on the day, down 3.27 percent in the past 24 hours. Today’s price of Ether was standing at $2,461.00, according to the data.
“The sharp drop in market sentiment led Bitcoin to record levels around $34,000, while ETH fell to $2,527. The cryptocurrency fear and greed index, which measures market sentiment, stands at “extreme fear” at the moment, said Batega.
Here are the top 10 cryptocurrencies and their prices on May 9, 2022 (according to data from coinmarketcap.com)
Bitcoin $33,644.72 or 2.34% loss in the last 24 hours
Ethereum $2,461.00 or 3.27 percent loss in the last 24 hours
Tying $0.9999 or 0.01 percent loss in the last 24 hours
BNB $349.45 or 2.64 percent loss in the last 24 hours
USD Coin $0.9999 or 0.01 percent loss in the last 24 hours
XRP $0.5671 or a loss of 0.91 percent over the past 24 hours
Solana $75.36, or 2.71 percent loss in the last 24 hours
Cardano $0.7101, or a loss of 3.99 percent in the last 24 hours
Terra $62.88 or 3.51 percent loss in the last 24 hours
TerraUSD 0.9976 or 0.04 percent gain in the last 24 hours