Cryptocurrency Bitcoin started May with a drop of more than 2%

The flagship cryptocurrency did not start the new month as positively as investors would have liked. Bitcoin has dropped in value by 2.4% over the past 24 hours. At the time of writing, the token is trading at $ 28,579.

The market capitalization of BTC $56,536.26 Bitcoin -2.88% Market capitalization $1.11 trillion VOL. 24 hours $4.57 billion is $ 553 billion. Trading volumes were recorded at $ 19.74 billion over the past 24 hours. With the fall in bitcoin’s value, the total market capitalization also dropped by 2%.

The main altcoin fell by 3.2% over the past day. The ETH $2,991.80 Ethereum -4.74% Market capitalization $359.6 billion VOL. 24 hours $2.67 billion quotes dropped to $ 1,848. Solana cryptocurrency suffered the most from the top 15 ranking, with its rate falling by 5.5% in 24 hours. Currently, the cryptocurrency of the Ukrainian developer is trading at $ 22.30.

It is worth noting that bitcoin managed to finish the fourth consecutive month of growth, which happened last time in 2021. On Sunday, April 30, the value of BTC rose to $ 30,000, which is lower than the peak of April 14 at $ 31,000.

Historical retrospect shows that after the bitcoin rate grew for 4 months in a row, the following year the market leader rose by 260%. If this trend continues this time, bitcoin will cost about $ 105,000 in 12 months.