On May 30 and 31, prices of the first cryptocurrency exceeded $32,000 for the first time in three weeks. At the time of writing, BTC price has corrected to $31,570.

Before that, digital gold was above $32,000 on May 11. Over the past seven days, the price of the asset has increased by 6.6% (CoinGecko).

In the last days of May, Ethereum price surpassed $2,000 but is now back to $1,930. In the past 24 hours, the second-largest cryptocurrency by capitalization has lost 1.8%.

BTC dominance index – 44.2%, ETH – 17.2%. Compared to its all-time high of $69,000, Bitcoin is down more than 54%. Ethereum lost its 60% discount ATH.

At the time of writing, the top 10 crypto assets by capitalization in the green zone are BNB (+0.3%), XRP from Ripple (+0.2%), and Polkadot (+0.6).

Earlier, the bitcoin price fell for the first time in history for the first nine weeks in a row. Prior to this, the record streak did not exceed seven weeks.

At the end of May, Glassnode analysts found that many hodlers took advantage of the BTC price crashing below $30,000 to establish positions.

Recall that JPMorgan analysts called the fair price of bitcoin $38,000.

Guggenheim Partners investment director Scott Minerd and critic of the first cryptocurrency Peter Schiff allowed digital gold prices to drop to $8,000.