Bitcoin dropped to $ 26 500

The Fear and Greed Index fell by 3 points overnight to 49 points out of 100. Market experts note a decline in user interest in buying cryptocurrencies.

Today, on May 22, the flagship cryptocurrency BTC $85,468.60 Mezo Wrapped BTC -3.91% Market capitalization $37.65 million VOL. 24 hours $1.66 billion is trading at an average of $ 26,853. Over the day, bitcoin fell by 0.78%. The market capitalization of the asset is more than $ 520.4 billion, and daily trading transactions, according to CoinMarketCap, are $ 10 billion.

Earlier, cryptocurrency analyst Benjamin Cowen said that the bitcoin rate could drop to $ 12,000 by the end of 2023. In his opinion, both bears and bulls are likely to fail as a result of volatility.

Ethereum (ETH) has fallen 0.37% over the past 24 hours to trade at $ 1,810. The market capitalization of the leading altcoin ETH $2,961.83 Bridged Ether (StarkGate) -5.64% Market capitalization $71.4 million VOL. 24 hours $1.5 billion is $ 217.7, and daily trading volumes are $ 3.8 billion.

In turn, the rate of BNB $856.66 BNB -3.69% Market capitalization $117.99 billion VOL. 24 hours $0.18 billion dropped by 1.5%, the cryptocurrency costs $ 306. Solana SOL $126.82 Binance-Peg SOL -3.75% Market capitalization $0.14 billion VOL. 24 hours $0.49 billion fell by 2.76% to trade at $ 19.71. The price of XRP XRP $1.87 XRP -6.21% Market capitalization $113.19 billion VOL. 24 hours $0.24 billion fell by 1.53%, the asset is available for $ 0.46. On the other hand, the value of Cardano ADA $0.38 Cardano -5.09% Market capitalization $14 billion VOL. 24 hours $45.53 million decreased by 0.41%, with the coin’s rate settling at $ 0.36. TRON TRX $0.28 TRON -1.00% Market capitalization $26.32 billion VOL. 24 hours $82.18 million rose by 3.1% to $ 0.074.

The total market capitalization of cryptocurrencies decreased by 1.1% over the day to $ 1.16 trillion, with a daily trading volume of $ 24.5 billion.