Bitcoin managed to rise by more than $ 1500 after falling to March lows

On the morning of May 15, the bitcoin price rose above $ 27,500. This happened after falling to its lowest level since mid-March on Friday, May 12. Thus, the value of the flagship cryptocurrency has increased by more than $ 1500.

On the night of May 12−13, the price of BTC $95,964.96 Bitcoin -0.40% Market capitalization $1.9 trillion VOL. 24 hours $1.11 billion dropped below $ 26,000 on crypto exchanges. On the Binance exchange, the BTC rate dropped to $ 25,810, on Coinbase to $ 25,800, and on OKX to $ 25,790. According to CoinGecko, the token is currently trading at $ 27,449.

The total market capitalization of cryptocurrencies increased by 1.6% to $ 1.18 trillion over the day, with a daily trading volume of $ 30.3 billion. The main altcoin rose by 1.4% to $ 829 over 24 hours, Polygon (MATIC) by 2.2% to $ 0.87. Cardano (ADA) increased in price by 1.8% to $ 0.37, XRP (XRP) rose by 0.3% to $ 0.42, and Solana (SOL) by 1.5% to $ 21.41.

The 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 new investments in cryptocurrencies are at the same level.

Over the past day, 20,500 traders' positions totaling $ 51 million were liquidated on crypto exchanges. According to Coinglass, 63% of them were shorts. Bitcoin orders accounted for $ 16.2 million, Ethereum — $ 9.7 million, and Pepe (PEPE) — $ 3.97 million.