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- The trading price of Bitcoin has fallen below the $27K threshold.
- BTC‘s fear and greed index remains in a neutral position.
Bitcoin (BTC), the leading cryptocurrency by market capitalization, has experienced a persistent downturn. The trading price of BTC has fallen below the $27K threshold. Analysts in the crypto space are indicating that if the downward trend continues, Bitcoin’s price may dip below the $25K level.
Additionally, Bitcoin’s market capitalization has reached $1.22 trillion, reflecting a 0.06% increase. BTC’s share of the crypto market has decreased to 42.55%, down by 0.09%. Furthermore, there is a potential for the Federal Reserve to increase interest rates by another 25 basis points in the upcoming month.
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Bitcoin Continues to Show Decline
As the crypto market remains cautious on Friday, Bitcoin’s trading price continues to decline. This drop has led to the BTC fear and greed score falling to 48. Despite the ongoing decrease, BTC’s fear and greed index stays neutral.
In the market overview, the top 10 cryptocurrencies are exhibiting varied performance. The global market capitalization stands at $1.13 trillion, with a 0.67% increase over the past day. While Bitcoin continues its downward trend, the trading prices of XRP and Ethereum (ETH) have seen increases of 0.43% and 0.3%, respectively.
At the time of this report, Bitcoin’s trading price is approximately $26,936, reflecting a rise of over 0.21% in the last 24 hours. The trading volume of BTC has experienced a significant decline of around 49.93%, according to CoinMarketCap. Additionally, the crypto market has shown positive signs in May as the Federal Reserve has opted to pause liquidity tightening next month.
