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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 $63,043.81 Bitcoin 0.06% Market capitalization $1.27 trillion VOL. 24 hours $0.31 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 $1,877.67 Ethereum -0.17% Market capitalization $226.6 billion VOL. 24 hours $92.47 million is $ 217.7, and daily trading volumes are $ 3.8 billion.
In turn, the rate of BNB $606.99 BNB -0.13% Market capitalization $80.83 billion VOL. 24 hours $38.88 million dropped by 1.5%, the cryptocurrency costs $ 306. Solana SOL $75.30 Solana 0.03% Market capitalization $43.88 billion VOL. 24 hours $44.97 million fell by 2.76% to trade at $ 19.71. The price of XRP XRP $1.00 XRP 0.03% Market capitalization $62.69 billion VOL. 24 hours $18.87 million fell by 1.53%, the asset is available for $ 0.46. On the other hand, the value of Cardano ADA $0.18 Cardano -1.72% Market capitalization $6.58 billion VOL. 24 hours $5.97 million decreased by 0.41%, with the coin’s rate settling at $ 0.36. TRON TRX $0.33 TRON -0.51% Market capitalization $31.35 billion VOL. 24 hours $17.56 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.