Cryptocurrency Price on May 22: Bitcoin falls below $70k level; Ethereum, Uniswap surge up to 4%
cryptocurrency tokens wasmixed in Wednesday's trade ahead of the Federal Reserve minutes due later in the day. Bitcoin, Solana, XRP, Toncoin, and Cardano experienced losses of up to 5%. Meanwhile, Ethereum, BNB, Dogecoin, Avalanche, Shiba Inu, Polkadot, and Uniswap saw gains of up to 4%.
The global cryptocurrency market cap declined by 0.6% to around $2.6 trillion in the last 24 hours.
Bitcoin was down 1.9% at $69,860 as of 12:34 p.m., while Ethereum was up 2.8% at $3,765.
Minutes from the Fed's latest policy meeting will offer clues about the rate cut trajectory in the world's largest economy.
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View Details»«BTC is hovering around $70,000, slightly below its range high and ATH level. Overall, BTC still looks bullish in higher time frames (HTF) and neutral in lower time frames (LTF),» said CoinDCX Research Team.
Edul Patel, CEO of Mudrex, said, «If the bulls can push Bitcoin above the current level, the next resistance would be at the $71,100 and then towards the $73,600 level. The support lies at $69,400.»
Meanwhile, the second largest
