Cryptocurrency Price on May 28: Bitcoin below $68,000; Ethereum, Toncoin decline up to 2%

economictimes.indiatimes.com:

Cryptocurrency markets experienced a downturn on Tuesday, with Bitcoin (BTC) and Ethereum leading the decline. BTC dipped 0.9% to $67,957 in Tuesday's session, while Ethereum shed over 1% to $3,855.

Additionally, Bitcoin faced pressure as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors, as reported by Bloomberg.

Some 42,829 Bitcoins worth around $2.9 billion were moved out of Mt. Gox wallets in early Asian hours on Tuesday, according to data from CryptoQuant and Arkham Intelligence. The wallets still hold 95,061 Bitcoin after the outflow.

Sathvik Vishwanath, co-founder & CEO of Unocoin, provided insight, stating, «The immediate resistance levels for BTC are $69,600, $70,650, and $71,950. On the downside, the support levels are $67,265, $66,380, and $65,144. The RSI is at 47, indicating neutral market sentiment, while the 50-day EMA at $68,737 indicates resistance.»

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