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Cryptocurrency price: Cryptocurrency markets haven’t shown a recovery even while global stock markets have seen a strong rally as Terra’s crash continues to hurt investor sentiment. In fact, the price of Ether has fallen by about 9 percent in the past 24 hours, while the price of Bitcoin has fallen below $28,000. The price of Solana also fell by 11 percent during the day. As a result, the Global cryptocurrency market On Friday, May 27, it was down 4.46 percent over the past day, standing at $1.19 trillion at the time of writing.
“Over the past 24 hours, despite the strong rally in stocks, Crypto Markets I was in a lot of pain, especially altcoins. The correlation between cryptocurrencies and stocks seems to have been broken for a while. Terra debacle continues to hurt feelings, especially in Davy’s space. With the macro economy in mind, investors should stay away from high-risk investments in movement, said Kunal Jagdel, founder of BitsAir Exchange.
Bitcoin price today It is down 2.52 percent to stand at $2,8966.87 at the time of writing. “Bitcoin dropped 1 percent yesterday to temporarily drop below the $29K level. Without any major movement. On the 4-hour time frame, BTC is moving inside a triangle pattern in a steady fashion. The daily RSI is a tad below the 40 mark. It is still reeling near the oversold territory, and immediate support is expected at $26,800.
“Bitcoin was still trading below $30,000, while altcoins continued to underperform. Typically, in bear markets, altcoins underperform BTC due to their higher level of risk,” said Darshan Bhatia, CEO and Co-Founder. For Fuld, taking into account macroeconomic conditions, the risk aversion approach means that investors will stay away from high-risk investments for the time being.
Altcoins like Ether and Solana have also seen sharp declines. Today, the price of Ether settled at $1,767.43, down by 8.03 percent over the past 24 hours.
“Ethereum saw a massive correction, dropping nearly 9 percent in one day, dropping below $1,800 for the first time in 9 months. ETH fell against BTC as well, losing about 6 percent as the Bitcoin Dominance Index rose above 46 Percent. The daily chart of ETH-BTC has broken below the ascending channel pattern, breaching the previous support level of 0.064. The next support for ETH-BTC is expected at the level of 0.055”, WazirX Trade Desk said.
Here are the top 10 cryptocurrencies and their prices on May 27, 2022 (according to data from coinmarketcap.com)
Bitcoin $28,966.87 or 2.52 percent loss in the past 24 hours
Ethereum $1,767.43 or 8.03 percent loss in the last 24 hours
Tie $0.9991 or 0.01 percent profit in the last 24 hours
USD Coin gained $1 or 0.04 percent in the last 24 hours
BNB $297.57 or 7.46 percent loss in the last 24 hours
XRP 0.3965 USD, or 1.00 percent loss in the last 24 hours
Binance $0.9997 or 0.006 percent gain in the last 24 hours
Cardano $0.4612 or 8.35 percent loss over the past 24 hours
Solana $41.23 or 11.07 percent loss over the past 24 hours
Dogecoin $0.07737, or 4.28 percent loss in the past 24 hours
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