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Price analysis 5/14: BTC, ETH, BNB, DOGE, ADA, XRP, DOT, BCH, LTC, UNI

CryptocurrencyMay 14, 2021 06:00PM ET
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Price analysis 5/14: BTC, ETH, BNB, DOGE, ADA, XRP, DOT, BCH, LTC, UNI

The Crypto Fear and Greed Index has dipped to levels not seen since April 2020, indicating that traders are nervous about Tesla (NASDAQ:TSLA) backtracking on accepting Bitcoin (BTC) payments, Bitcoin's multi-week technical weakness and U.S. regulator's supposed investigation into the business operations of Binance exchange.

This nervousness also led to a massive inflow of 30,000 Bitcoin to the exchanges, the highest number since the March 2020 crash. This suggests some traders are booking profits on their long positions. CryptoQuant CEO Ki Young Ju said that whales have continued to send more coins to exchanges than usual, implying that near-term bearishness may not be over yet.

Daily cryptocurrency market performance. Source: Coin360
BTC/USDT weekly chart. Source: TradingView
ETH/USDT weekly chart. Source: TradingView
BNB/USDT weekly chart. Source: TradingView
DOGE/USDT weekly chart. Source: TradingView
ADA/USDT weekly chart. Source: TradingView
XRP/USDT weekly chart. Source: TradingView
DOT/USDT weekly chart. Source: TradingView
BCH/USDT weekly chart. Source: TradingView
LTC/USDT weekly chart. Source: TradingView
UNI/USDT weekly chart. Source: TradingView

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Price analysis 5/14: BTC, ETH, BNB, DOGE, ADA, XRP, DOT, BCH, LTC, UNI
 

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