Cryptocurrency Price Today: The global cryptocurrency market remained flat on Wednesday, May 25, as fears among crypto investors failed to subside after several days of choppy trading sessions for a number of reasons. Major cryptocurrencies, including Bitcoin, Ethereum, and Solana, also didn’t show much growth, but with a few exceptions, they mostly stayed in the green. The global cryptocurrency market is up 0.83 percent in the past 24 hours, according to data, standing at $1.27 trillion at the time of writing this article.
Today’s Bitcoin price stood at $29,740.10 at the time of writing this article. This was a slight gain of 1.32 percent in the past 24 hours, according to data from CoinMarket Cap.
Bitcoin rose marginally over the past day, gaining about 1.6 percent as buying momentum picked up. On the hourly timeframe, the BTC trend continues within a triangle pattern, consolidating between the $29K and $31K levels. The next resistance for Bitcoin is expected at $40,000 and an immediate support is expected at $24,000. BTC needs to rise above $31K and move towards the $40K level to see a significant trend reversal,” the WazirX trading desk said.
The cryptocurrency fear and greed index has continued to climb over the past week, Vauld CEO and co-founder Darshan Bathija said on Wednesday. “While BTC traded below the $30,000 level, the crypto fear and greed index registered its second lowest level in the index’s history in the past week. Bearish sentiment is likely to continue as long as BTC price levels do not register uptrends above key price levels,” Bathija said.
Ether fell below $2,000 during the day, falling 0.21 percent in the past 24 hours. Ether price stood at $1,977.80 today, according to data.
“Ethereum also made a small profit of over $2,000 last night. However, ETH against BTC fell 0.3 percent as Bitcoin’s dominance index remained above 45 percent. The daily chart for ETH-BTC continues to move within an ascending channel pattern that is trading close to the support levels. The next resistance for ETH-BTC is expected at 0.077 and an immediate support is expected at 0.064 levels,” the WazirX trading desk said.
“Over the past few days, altcoins have underperformed BTC, indicating lower risk appetite among traders,” Bathija added on altcoin prices.
Here are the top 10 cryptocurrencies and their prices as of May 25, 2022, Wednesday (data from coinmarketcap.com)
Bitcoin $29,740.10 or 1.32 percent gain in the last 24 hours
Ethereum $1,977.80 or 0.21 percent loss in the last 24 hours
Tether $0.9991 or 0.01 percent gain in the last 24 hours
BNB $330.28 or 1.29 percent gain in the last 24 hours
USD Coin $1.00 or 0.00 percent loss in the last 24 hours
XRP $0.4084 or 0.12 percent gain in the last 24 hours
Binance USD $1.00 or 0.05 percent gain in the last 24 hours
Cardano $0.5207 or 0.44 percent gain in the last 24 hours
Solana $49.26 or 0.86 percent loss in the last 24 hours
Dogecoin $0.08321 or 0.75 percent loss in the last 24 hours
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