Cryptocurrency prices fell again today. (Image: Shutterstock)
Cryptocurrency price today, May 21: Today the price of Bitcoin fell below the $30,000 level again. As of this writing, the price of Bitcoin today is $29,303.81.
Cryptocurrency prices today: After the shocking collapse, cryptocurrencies continued to see repercussions on Saturday, May 21, with global cryptocurrency markets falling slightly. This was largely in line with the performance of the US stock market, which had a turbulent day with the S&P on Friday. The 500 index briefly came close to a bear market before rebounding to decent levels. As a result, the global cryptocurrency market fell 2.77% over the past day, reaching a value of $1.25 trillion, according to the data.
“The current crash in US stock and Bitcoin markets is similar to the March 2020 crash, but the recovery may not follow the same trajectory due to different market conditions. “In 2020, the Federal Reserve supported markets with unprecedented stimulus, but the focus will remain on reducing inflation and tightening monetary policy in 2022,” the WazirX trade desk said in its weekly cryptocurrency note.
Today the price of Bitcoin fell below the $30,000 level again. The price of Bitcoin today is $29,303.81 at the time of writing, down 2.36% in the last 24 hours.
“Bitcoin has been trading mostly in the red since the start of the month, with its price plummeting nearly 34.5% to a record low of $25,338. The asset created a ‘Long Legged Doji’ candle, tested the support of the 200-week moving average and showed signs of recovery,” WazirX Trade Desk said.
“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 May 12 crash of TerraUSD (UST), previously the third-largest stablecoin by market capitalization, dampened investor sentiment, and the Bitcoin price recovery path following the May 18 drop in the Nasdaq composite stock index. appears unclear. “4.7%,” he added.
Meanwhile, as I write this, the price of Ethereum has plummeted to $1,966.96 today. It is down 2.53% in the last 24 hours.
“ETH (Ethereum) witnessed a sharp decline after facing strong resistance at the 200-day moving average, horizontal trend line, and 20-day moving average. The asset is currently consolidating between $1,900 and $2,155 and is facing strong resistance at $2,150. If a break above the resistance occurs on good volume, we can expect a slight relief rally and a surge up to the $2,400 level,” WazirX trading desk said.
Here are the top 10 cryptocurrencies and their prices as of May 21, 2022 (according to coinmarketcap.com data).
Bitcoin lost $29,303.81 or 2.36% in the last 24 hours.
Ethereum $1,966.96 or a loss of 2.53% in the last 24 hours.
Tether $0.9987 or a loss of 0.54% in the last 24 hours.
USD Coin $1 or 0.01% return in last 24 hours
BNB $303.73 or a loss of 1.40% in the last 24 hours.
XRP $0.4094 or loss of 5.74% in last 24 hours
Binance USD lost $0.9995 or 0.17% in the last 24 hours.
Cardano $0.5229 or a loss of 2.02% in the last 24 hours.
Solana lost $49.64 or 4.08% in the last 24 hours.
Dogecoin $0.08401 or lost 3.16% in the last 24 hours.
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