Bitcoin is above $30,000 again
- May 13, 2022
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On Friday, May 13, prices of the first cryptocurrency climbed above $30,000 after a sharp drop. According to CoinGecko, the price of the asset increased by 12% in
On Friday, May 13, prices of the first cryptocurrency climbed above $30,000 after a sharp drop. According to CoinGecko, the price of the asset increased by 12% in the past day.
At the time of writing, Bitcoin is trading around $30,400 with a total market cap of $1.37 trillion.
Ethereum is up 13% to surpass the $2,000 mark. Cardano (40.3%) and BNB (31.8%) showed the largest growth among the top 10 crypto assets by capital.
On May 12, Bitcoin prices dropped below $27,000 and Ethereum price tested the $1,800 level. Its market value fell to $1.2 trillion.
The decrease occurred against the backdrop of the collapse of the Terra (LUNA) ratio. At the time of writing, the price of the asset has reached $0.00003, it ranks 1072 in the cryptocurrency rating (CoinGecko).
The fear and greed index dropped to 10 (“extreme fear”).
Bitcoin Fear and Greed Index 10. Extreme Fear
Current price: $29,549 pic.twitter.com/N3lPSq9zVz— Bitcoin Fear and Greed Index (@BitcoinFear) May 13, 2022
Recall that Bitcoin critic Peter Schiff described it as “likely” that if the $30,000 level were to break sharply, the price of the asset would drop to $10,000.
Earlier, Mike Novogratz, the founder of Galaxy Digital, allowed further declines in the cryptocurrency market. According to him, the next few quarters will be volatile due to the downside on Wall Street.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
