Bitcoin

Bitcoin fell for the third consecutive day after a strong rally on May 20 following the approval of a spot ether ETF.

After failing to reclaim the key psychological threshold of $70,000, it continued to fall by 1.7% in the past 24 hours.

Bitcoin fell, hitting a local bottom at $66,312 before recovering to around $67,700 currently.

Altcoin market showed mixed trends yesterday

Ondo (ONDO) was the standout performer of the day, rebounding more than 22%.

Other projects such as Gnosis (GNO), Ethereum Classic (ETC), Pepe (PEPE), Bonk (BONK), Pendle (PENDLE), Ethena (ENA), Arbitrum (ARB), Mina (MINA), Aave (AAVE), Starknet (STRK), Ronin (RON), Bittensor (TAO), Chainlink (LINK), Polygon (MATIC)… increased by 3-8%.

On the downside, ORDI (ORDI), Arweave (AR), SingularityNET (AGIX), Fetch.ai (FET), Toncoin (TON), Pyth Network (PYTH), Worldcoin (WLD), Theta Network (THETA), Filecoin ( FIL), Akash Network (AKT), Gala (GALA), Dogecoin (DOGE), Injective (INJ), Sei (SEI), Kaspa (KAS), THORChain (RUNE), TRON (TRX), eCash (XEC), Hedera (HBAR), Conflux (CFX)… have lost 3-9% of their value in the short term.

Ethereum (ETH) had a volatile trading day but still ended in the green by market cap.

After hitting a local peak at $3,949, ETH quickly reversed to $3,500. However, a strong rebound is currently just above the $3,800 mark.

(Personal opinion, not a recommendation)

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