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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 $78,867.20 Bitcoin -0.18% Market capitalization $1.58 trillion VOL. 24 hours $1.06 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 $2,490.68 Ethereum 1.10% Market capitalization $300.58 billion VOL. 24 hours $0.63 billion is $ 217.7, and daily trading volumes are $ 3.8 billion.
In turn, the rate of BNB $705.93 BNB 0.99% Market capitalization $94 billion VOL. 24 hours $94.03 million dropped by 1.5%, the cryptocurrency costs $ 306. Solana SOL $101.43 Solana 4.55% Market capitalization $59.24 billion VOL. 24 hours $0.31 billion fell by 2.76% to trade at $ 19.71. The price of XRP XRP $1.41 XRP -1.95% Market capitalization $88.35 billion VOL. 24 hours $0.22 billion fell by 1.53%, the asset is available for $ 0.46. On the other hand, the value of Cardano ADA $0.21 Cardano 0.00% Market capitalization $7.89 billion VOL. 24 hours $22.15 million decreased by 0.41%, with the coin’s rate settling at $ 0.36. TRON TRX $0.33 TRON -0.89% Market capitalization $31.78 billion VOL. 24 hours $37.01 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.