Bitcoin continues to fall?
“There are painful sentiments for both digital currencies and stocks because traders have not seen any signs of a reassuring rise so far,” he said. Bitcoin (BTC9) fell further on the opening of Wall Street on May 6 amid warnings that “the sale of shares of the United States (Nasdaq) is not over.”
Coin Telegraph and Trading View data show that Bitcoin has reached $ 35,268, bringing the three-day loss to 11.9 percent alone.
US stocks, which saw a bloody day on May 5, had no mood to raise prices as the S&P 500 and Nasdaq 100 fell another 1 percent and another 0.85 percent, respectively.
“Sales of the Nasdaq are not over,” said Mike Novogratz, CEO of Galaxy Digital.
Commenting on the Federal Reserve’s plans for a “soft landing” to reduce inflation to the target, Novogratz warned that such a scenario would not happen.
Meanwhile, a comparison between the current price of bitcoin, now and the same time last year was emerging.
The well-known trader and analyst of Capital Company told Twitter followers: “It seems that bitcoin has turned the level of $ 38,000 into a new resistance and now it means that bitcoin has confirmed a return to the range of $ 28,000 to $ 38,000, which is the place where the three It was the first and second months of 2021.
Another tweet shows that the Bitcoin / US dollar is approaching the long-term support range, which acts as the second support for the two most important weekly chart supports with the lowest level lost.
At the same time, the altcoins saw different actions with the decline of bitcoins, but the overall picture seemed bleak.
Atrium (ETH) mimicked the 11 to 12 percent three-day loss of bitcoins, while other large altcoins were able to withstand the blow slightly. However, the overall value of the digital currency market, with the exception of bitcoin, came close to major support on May 6th.
The Altcoin index is 50% lower on the verge of breaking the main support and the next support. Meanwhile, bitcoin price targets focused on $ 30,000 and less this week. The total global market value of digital currencies is currently estimated at $ 1.65 trillion, down 0.98% from the previous day.
Currently, 41.47% of the total digital currency market is held by Bitcoin, which has increased by 0.03% in one day.
The total volume of the digital currency market in the last 24 hours is $ 94.88 billion, which has decreased by 16.63%. The total volume of decentralized finance is currently $ 9.77 billion, which is 10.30% of the total 24-hour volume of the digital currency market. The volume of all stable coins is now $ 84.95 billion, which is 89.53% of the total 24-hour volume of the digital currency market.
Digital currency price update (until 06:20 AM Eastern time)
This category contains the price changes of 10 major digital currencies in terms of market value.
1- Bitcoin
Price: $ 35,984.25
Price changes in the last 24 hours: 0.84% decrease
Recent week price changes: 7.06% decrease
2- Atrium
Price: $ 2,684.78
Price changes in the last 24 hours: 1.78% decrease
Recent week price changes: 5.05% decrease
3- Bainance Quinn
Price: $ 379.16
Price changes in the last 24 hours: 0.75% increase
Recent week price changes: 4.17% decrease
۴- تتر
Price: 0.9999
Price changes in the last 24 hours: 0.02% decrease
Recent week price changes: 0.01% decrease
5- Solana
Price: $ 81.43
Price changes in the last 24 hours: 2.50% reduction
Recent week price changes: 13.92% decrease
6- Cardano
Price: $ 0.7807
Price changes in the last 24 hours: 0.39% decrease
Price changes in the last week: 3.69% decrease
7- Ripple
Price: $ 0.6011
Price changes in the last 24 hours: 0.98% decrease
Price changes in the last week decreased by 2.57%
8- Polka Dutt
Price: $ 14.29
Price changes in the last 24 hours: 0.81% decrease
Recent week price changes: 12.46% decrease
9 – USQ Quinn
Price: 0.9999
Price changes in the last 24 hours: 0.02% decrease
Recent week price changes: 0.03% decrease
10- Dodge Quinn
Price: $ 0.128
Price changes in the last 24 hours: 0.36% increase
Recent week price changes: 5.75% reduction