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Bulls Come Together for BTC Opportunity Following Drop to $29K

Published 05/24/2022, 04:16 AM
Updated 05/24/2022, 04:30 AM
© Reuters.  Bulls Come Together for BTC Opportunity Following Drop to $29K

  • The price of Bitcoin (BTC) has dropped in the last 24 hours to $29,344.80.
  • Bulls pounced on the opportunity immediately after the coin was dumped to $29K.
  • Bulls may be attempting another test of the $30K level.

The price of Bitcoin (BTC) has dropped in the last 24 hours to $29,344.80 – which is an approximate 2.57% fall in price, according to CoinMarketCap.

BTC’s price is down slightly over the last 7 days as well, experiencing a dip of around 3.36%. The 24 hour price movement of BTC has added to the loss it made over the last 7 days.

In terms of BTC’s performance against Ethereum (ETH), BTC has weakened against ETH. At the time of writing (7:00 AM GMT + 2), 1 BTC/ETH coin is worth 14.77. This is a 0.56% decrease against Ethereum.

Leading the way on CoinMarketCap’s list of the largest cryptocurrency projects by market cap, BTC’s market cap currently stands at around $559,120,371,092. The daily trading volume of BTC is a statistic that has increased in the last 24 hours as the amount o ...

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