Cryptocurrency price today: Global cryptocurrency markets continued to show steady movement on Saturday, May 28, even as the global stock market advanced. This was due to fear between Crypto investors He has not calmed down after several days of volatile stock exchange sessions amid a number of reasons. Major cryptocurrencies including Bitcoin, Ethereum, and Solana have also not recorded significant growth, but remain mostly green at the time of writing.
The global cryptocurrency market is up 1.17 percent in the past 24 hours, according to the data, reaching $1.20 trillion at the time of writing. “The bearish cryptocurrency market has been going on for a long time as the overall cryptocurrency market cap is down nearly 4 percent,” said Shivam Thakral, CEO of BuyUcoin on Friday.
Meanwhile, bitcoin prices remained below $29,000 levels, after falling on Friday. Today’s bitcoin price was standing at $28849.59, according to data from global crypto-tracking website CoinMarketCap. This is up 0.56 percent in the past 24 hours, but is down 1.33 percent in the past seven days.
“Bitcoin is struggling to cross the $30,000 mark, and Ether is under great pressure after slipping below $1,700. Shivam Thakral noted that tier 1 coins such as Solana and Avalanche suffered double losses, and the total value closed in the Defi ecosystem also saw a significant drop. “.
Ether has stayed below the $1,800 mark on the day and is up 2.22 percent in the past 24 hours. Today’s price of Ether was standing at $1,767.81, according to the data. Ethereum prices have fallen by 10 percent over the past week.
Meanwhile, Ethereum co-founder Gavin Wood said cryptocurrency investors need to be more aware of what supports their holdings after a market rout that wiped out more than $800 billion in value, according to a Reuters report.
“It is important to note that cryptocurrencies are not the only market in a bear phase, some high-paced tech stocks have faced a major downtrend as a result of several macroeconomic factors pressure on the traditional market and cryptocurrencies around the world. Markets are expected to remain volatile and should Investors stick to their positions,” Thackeral said in a note to News18.com.
Here are the top 10 cryptocurrencies and their prices on May 28, 2022, Saturday (data from coinmarketcap.com)
Bitcoin $28,849.59 or 0.56% gain in the past 24 hours
Ethereum $1,767.81 or 2.22 percent loss in the last 24 hours
Tying in $0.9991 or 0.00 percent gain in the last 24 hours
USD Coin – gains of 1.00 USD or 0.01 percent in the last 24 hours
BNB $302.05 or 3.34 percent gain in the last 24 hours
XRP $0.3858 or 1.63% gain in the last 24 hours
Binance $0.9995 or 0.00 percent gain in the last 24 hours
Cardano: $0.4599 or 1.84 percent gain in the last 24 hours
Solana $41.90 or 3.90 percent gain in the last 24 hours
Dogecoin $0.0826 or 6.79 percent gain in the last 24 hours