Cryptocurrency Price on May 30: Bitcoin dips below $67.8k level; Shiba Inu, Polkadot tank over 5%
global interest rates would remain elevated for an extended period. Investors turned their attention to key inflation data expected at the end of the week, seeking additional insights into the future trajectory of monetary policy.
By 12:28 pm, BTC was trading 1.02% lower at $67,793, while Ethereum experienced a decline of over 3% to $3,738. Meanwhile, the global cryptocurrency market cap declined by 1.92% to around $2.53 trillion in the last 24 hours.
Edul Patel, CEO of Mudrex, said, "Bitcoin is stabilizing around $67,900 after recent volatility triggered by the Mt. Gox transfer. Key levels to watch are the $67,200 support and the $69,500 resistance; breaking either could set the short-term trend."
«Ethereum is trading at $3,700. If there is a fresh increase, ETH will face resistance at the $3,800 level,» Edul said.
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View Details»Meanwhile, other popular cryptocurrencies also experienced declines, with BNB down by 1.3%, Solana by 3.7%, XRP by 2%, Dogecoin by 4.7%, Shiba Inu by 6.2%, Cardano by 3.4%, Polkadot by 5.5%, and Polygon by 4.3%.
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