The price of bitcoin has risen above $27.5 thousand after falling to the lowest since mid-March

2023-5-16 13:20

The cost of the first cryptocurrency on crypto exchanges last weekend dropped to around $25.8 thousand, but on the morning of May 15, the asset began to grow in price and broke the $27.5 thousand mark.
On the morning of May 15, the bitcoin exchange rate rose above $27.5 thousand. After falling to a minimum since mid-March on Friday, May 12, the value of the first cryptocurrency increased by more than $ 1.5 thousand.

On the night of May 12-13, the price of bitcoin fell below $26 thousand on crypto exchanges. On the Binance exchange, the BTC rate at the moment fell to 25.81 thousand USDT, on Coinbase — to $ 25.8 thousand, on OKX — to 25.79 thousand USDT.

According to CoinGecko, BTC is trading at $27.4 thousand, the daily increase in price was 2.2%. The total market capitalization of cryptocurrencies increased by 2% per day, to $ 1.19 trillion, the daily trading volume was $ 30.7 billion.

Ethereum rose in price by 1.4% in 24 hours, to $ 1.83 thousand, Polygon (MATIC) — by 2.1%, to $ 0.87, Cardano coin (ADA) increased in price by 1.3%, to $ 0.37. The XRP (XRP) rate rose 0.3% to $0.42, Solana (SOL) — 1.5% to $21.47.

Fear and Greed Index rose to 50 points out of 100 (48 a day earlier). This indicates the neutrality of sentiment in the crypto market: caution and interest in buying cryptocurrencies are at the same level.

During the last day, 20.5 thousand positions of traders totaling $51 million were liquidated on crypto exchanges. According to Coinglass, 63% of them were short. Orders with bitcoin accounted for $16.2 million, with Ethereum — $9.7 million, Pepe (PEPE) was in third place, positions in it were liquidated by $3.97 million.

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