Cryptocurrency Price on May 20: Bitcoin trades near $67k; Avalanche, Shiba Inu fall over 4%
trading session as investors turned risk-averse amid the current global environment.
The global cryptocurrency market cap fell by 1% to approximately $2.41 trillion within the last 24 hours.
As of 10:06 a.m., Bitcoin was trading 0.15% lower at $66,931, while Ethereum experienced a 0.3% decline to $2,935. Additionally, altcoins such as XRP (-1.7%), Dogecoin (-2.8%), Cardano (-2.2%), Avalanche (-4.3)%), Shiba Inu (4.24%), Polkadot (2%), and NEAR Polkadot (2.1%) followed suit in the downward trend.
«Bitcoin traded at the $67,000 level over the weekend with an increase in Bitcoin spot ETF inflows. Additionally, the house bill heading towards the final vote added to the positive sentiment,» said Edul Patel, CEO of Mudrex.
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View Details»The next resistance is set at the $67,500 level and the support lies at the $65,500 level, he said.
Rajagopal Menon, Vice President, at WazirX, said, «Moving averages for Bitcoin indicate a ‘Buy’ sentiment as well as it has defied previous price levels. However, as May progresses, the price movement toughens due to price
