Bitcoin and altcoins

Bitcoin has rebounded from a local bottom around $56,500 earlier this month. However, the upward momentum seems to have stalled around the $65,500 area.

The market formed two consecutive red candles on the daily chart, pulling the price back below $63,000

After a series of recovery days at the beginning of the week, the altcoin market is on fire

Memecoin Dogwifhat (WIF) was the worst performer on the day, losing more than 17% of its value.

Other major altcoins in the top 100 include Helium (HNT), Core (CORE), Celestia (TIA), Arweave (AR), Pepe (PEPE), Starknet (STRK), Bittensor (TAO), Hedera (HBAR), Akash Network (AKT), Jupiter (JUP), Floki (FLOKI), Worldcoin (WLD), Bonk (BONK), Pendle (PENDLE), Synthetix (SNX), Theta Network (THETA), Ondo (ONDO), Avalanche (AVAX)… which are down 5-9%.

Ethereum (ETH) continues to fall after hitting a local May peak of $3,221 on May 6.

The proof-of-stake smart contract project closed in the red for the second day in a row, down more than 2% over the past 24 hours and is currently defending the $3,000 region.

(Personal opinion, not a recommendation)

In the crypto industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle and maintain insight. If you are alone, looking around and finding no one, it is actually very difficult to persist in this industry. Follow the homepage~

If you like it, please follow us for more articles.

Thanks for reading! See you next time!