Cryptocurrency price

Bitcoin Price Falls Below $28,000, Ether Sees Big Loss; Complete list

Cryptocurrency price: Crypto markets have not shown a recovery even at a time when global stock markets have surged as Terra’s fall is still hurting investor sentiment. In fact, the price of Ether has fallen around 9% in the past 24 hours, while Bitcoin has fallen below $28,000. Solana also fell 11% during the day. As a result, the global cryptocurrency market on Friday, May 27 was down 4.46% over the past day, standing at $1.19 trillion at the time of writing.

“Over the past 24 hours, despite a strong rally in stocks, crypto markets have been hit hard, especially altcoins. The correlation between cryptos and stocks broke for a while, apparently. The Terra debacle still hurts feelings, especially in Defi space. With macroeconomic considerations in mind, investors should stay away from high-risk investments on the move,” said Kunal Jagdale, Founder of BitsAir Exchange.

Bitcoin price today fell 2.52% to $28,966.87 at the time of writing. “Bitcoin fell 1% yesterday to momentarily fall below the $29,000 level without any significant movement. On the 4-hour time frame, the BTC trend is moving in a triangle pattern in a wedged fashion. a bit below the 40 mark and still in shock near the oversold zone Immediate support is expected at $26,800,” the WazirX Trade Desk said.

“Bitcoin was still trading below the $30,000 level, while altcoins continued to underperform. Usually, in bear markets, alts underperform BTC because they have a higher risk profile. Given the macro conditions, the risk aversion approach means investors will stay away from high-risk investments for the time being,” said Darshan Bathija, CEO and co-founder of Vauld.

Altcoins like Ether and Solana also saw a steep drop. Ether price today stood at $1,767.43, down 8.03% in the last 24 hours.

“Ethereum saw a major correction as it fell almost 9% in a single day, dropping below the $1,800 level for the first time in 9 months. ETH against BTC also fell and lost around 6% as The Bitcoin Dominance Index jumped above 46%.The daily chart for ETH-BTC broke below the ascending channel pattern, breaking its previous support level of 0.064.The next support for ETH-BTC is expected at the 0.055 level,” the WazirX Trade Desk said.

Here are the top 10 cryptocurrencies and their prices as of May 27, 2022 (According to data from coinmarketcap.com)

Bitcoin $28,966.87 or 2.52% loss in the last 24 hours

Ethereum $1,767.43 or 8.03% loss in the last 24 hours

Tether $0.9991 or 0.01% gain in the last 24 hours

USD Coin $1 or 0.04% gain in the last 24 hours

BNB $297.57 or 7.46% loss in the last 24 hours

XRP $0.3965 or 1.00% loss in the last 24 hours

Binance USD $0.9997 or 0.006% gain in the last 24 hours

Cardano $0.4612 or 8.35% loss in the last 24 hours

Solana $41.23 or 11.07% loss in the last 24 hours

Dogecoin $0.07737 or 4.28% loss in the last 24 hours

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