According to the Chainalytic 2021 Global Crypto Adoption Index, the top three most accepting countries for cryptocurrencies are Asia (Vietnam, India, and Pakistan).
Cryptocurrency prices today, May 30: The price of Bitcoin today is $30,594.73 at the time of writing this article, up 5.49% in the last 24 hours.
“Appetite for risky assets continues to decline, with capital outflows of $63 billion from Asia-based technology stocks this year. Crypto assets typically highly correlated with technology stocks also tumbled, with Bitcoin recording its ninth straight weekly loss. Concerns about global growth triggered by rising interest rates and supply chain disruptions have been a dominant theme in investor narratives, with many concerned about preserving capital during these volatile times. That said, we are optimistic about the long-term growth trajectory of cryptocurrencies and their enormous potential to revolutionize the way we live, work, and play,” said the CoinDCX research team.
Bitcoin fell below $30,000 for several weeks before finally breaking through the $30,000 level. As of this writing, the price of Bitcoin today is $30,594.73. This is an increase of 5.49% in the last 24 hours.
“Bitcoin is up almost 3% since yesterday, surpassing the $30,000 level. Bitcoin continued its downward trend for 9 consecutive weeks. On a 4-hour basis, the BTC trend broke out of the triangle pattern. BTC's next resistance is expected to be $40,000. Bitcoin's daily RSI has surpassed the 40 level for the first time since early May 2022. However, market sentiment towards Bitcoin and cryptocurrencies continues to remain in “extreme fear” territory,” the WazirX trade desk said.
Today, the price of Ethereum was still below $2,000, but it has risen 6.56% in the last 24 hours, reaching $1,902.85 per unit at the time of writing this article. Among other altcoins, Solana and Cardano are up more than 10% each after poor performance over the weekend.
“Altcoins also underperformed over the weekend. Terra's new blockchain has been launched and the prices of both LUNA Classic and LUNA 2.0 tokens have been reduced. What is clear is that the cryptocurrency community remains noticeably skeptical about the credibility of the project even after the UST depegging incident,” said Darshan Bathija, CEO and co-founder of Vauld.
Here are the top 10 cryptocurrencies and their prices as of Monday, May 30, 2022 (coinmarketcap.com data).
Bitcoin rose $30,594.73 or 5.49% in the last 24 hours.
Ethereum $1,902.85 or a loss of 6.56% in the last 24 hours.
Tether $0.9992 or 0.01% return in last 24 hours
USD coins lost $1.00 or 0.00% in the last 24 hours
BNB $319.51 or 6.27% return in last 24 hours
XRP $0.4012 or 4.56% return in last 24 hours
Binance USD lost $1.00 or 0.04% in the last 24 hours.
Cardano gained $0.519 or 11.54% in the last 24 hours.
Solana lost $46.86 or 10.45% in the last 24 hours.
Dogecoin $0.08575 or 5.67% return in last 24 hours
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