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

1:22 pm, May 1, 2023

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 $98,843.62 Bitcoin 0.84% Market capitalization $1.96 trillion VOL. 24 hours $5.61 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 $3,344.41 Bridged Ether (StarkGate) 6.19% Market capitalization $0.28 billion VOL. 24 hours $3.17 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.

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BTC

$98,843.62

0.84%

ETH

$3,344.41

6.19%

BNB

$624.87

2.58%

XRP

$1.43

30.11%

SOL

$258.56

7.20%

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