Bitcoin price below 30 thousand dollars again; Ether, Solana after the losses
Cryptocurrency price today: After the spectacular crash, cryptocurrencies continued to show the after-effects as global Cryptocurrency market It fell by a slight margin on Saturday, May 21. This came largely in line with the behavior of the US stock market, which had a busy day on Friday with the S&P 500 close to bear markets for a few moments before bouncing back to good levels. As a result, global Cryptocurrency The market is down 2.77 percent over the past day, valued at $1.25 trillion, according to the data.
While the current crash in the US stock and bitcoin markets bears similarities to the March 2020 crash, the recovery may not follow the same path because market conditions are different. In 2020, the Fed supported markets with unprecedented stimulus, but in 2022, the focus will remain on lowering inflation and tightening monetary policy.”
Bitcoin Today, the price fell again below $30,000 levels. Bitcoin price today was standing at $2,933.81 at the time of writing, which is down 2.36 percent over the past 24 hours.
“Bitcoin has been trading mostly in the red since the beginning of this month and prices are down about 34.5 percent, making as low as $25338. The asset made a long-legged doji candle and tested the 200-week moving average support,” WazirX Trade Desk said. Show signs of recovery.
“Over the past nine days, the daily closing price of Bitcoin (BTC) has fluctuated in a narrow range between $28,700 and $31,300. The collapse of TerraUSD (UST), previously the third largest stablecoin by market cap, on May 12 affected investor sentiment. The path of recovery in the bitcoin price seems ambiguous after the Nasdaq Composite Index plunged 4.7 percent on May 18.
Meanwhile, the price of Ether today has also fallen to $1,966.96 while writing this article. This is down 2.53 percent over the past 24 hours.
ETH (Ethereum) saw a sharp decline after encountering heavy resistance at the 200-day moving average, the horizontal trendline, and the 20-day moving average. Currently, the asset is consolidating between $1,900 and $2,155 and facing heavy resistance at $2,150. Once there is a break above the resistance in good volume, we can expect some sudden rally and it could rise to the $2,400 levels,” WazirX Trade Desk noted.
Here are the top 10 cryptocurrencies and their prices on May 21, 2022 (according to data from coinmarketcap.com)
Bitcoin $29,303.81 or 2.36% loss in the past 24 hours
Ethereum $166.96 or 2.53 percent loss in the last 24 hours
Restrict $0.9987 or lose 0.54 percent in the last 24 hours
USD Coin gained $1 or 0.01 percent in the last 24 hours
BNB $303.73 or 1.40 percent loss in the last 24 hours
XRP 0.4094 USD, or 5.74% loss in the last 24 hours
Binance $0.9995 or 0.17% loss in the last 24 hours
Cardano $0.5229 or 2.02 percent loss in the last 24 hours
Solana $49.64, or 4.08 percent loss over the past 24 hours
Dogecoin $0.08401 or a loss of 3.16 percent in the last 24 hours
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