What's Hot

    Luxury Fashion Stocks: Have they reached their peak?

    May 26, 2023

    Cryptocurrency Market Update May 2023

    May 25, 2023

    WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023

    May 24, 2023
    Facebook Twitter Instagram
    Twitter LinkedIn
    What the FinanceWhat the Finance
    Subscribe
    • NewsWire
    • Stock Market
    • Crypto
    • Investment Ideas
    • Global Economics
    • Charts
      • World Market Indices
      • Forex Market Live Prices
      • S&P 500
      • Cryptocurrency Prices
      • Fear & Greed Index
    What the FinanceWhat the Finance
    Home»Crypto»Cryptocurrency Market Update May 2023
    Crypto

    Cryptocurrency Market Update May 2023

    A strange month of stalling with little price action for crypto assets
    Lucy WalkerBy Lucy WalkerMay 25, 2023No Comments2 Mins Read
    Crypto Market May 2023
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Bitcoin ($BTC) has stalled its rapid ascent from the beginning of the year hovering between $26,000-$31,000. It closed 3% down yesterday at ~$26.4k and 3.4% down compared to seven days earlier. The world’s most popular cryptocurrency has failed to maintain its price above the $30k barrier on a couple of occasions this year. Historically stalling leads to the price falling (a buy opportunity) or rising significantly beyond the $35k mark.
    • Ethereum ($ETH) is resisting fluctuation better than Bitcoin at the moment, with the second most popular cryptocurrency up 01% last night and only 1.2% compared to last week. This newfound resilience by Ethereum might signal a stronger performance in the coming months. The fact that the fork did not bring disaster has added confidence among investors and longtime fans of the ecosystem to keep defending the price and going long with ETH.
    image 15
    • With the Binance stablecoin (BUSD) as the third most-traded cryptocurrency the market signals its vote of confidence toward the cryptocurrency giant once more. Despite all the legal woes that Binance is about to face, the global crypto community is still trusting CZ to turn things around for the company. The price of BNB has also been resilient keeping 3rd place in market capitalization after BTC and ETH.
    • The crypto lending space scandals, the banking crisis, interest rates rising and the cost of living have all challenged cryptocurrency prices in the last 2 years. Bitcoin and the other cryptocurrencies have failed to recover the highs of November 2021 but in a highly cyclical and especially volatile crypto market, nothing is impossible. Let’s not forget that the next Bitcoin halving is coming in April 2024 and that has historically affected the price in a significant way.
    • The Fear and Greed index is stuck at 50 with the sentiment hang between fear and greed perfectly in the middle. This confirms the prediction that a price movement is about to happen, and whilst analysts are split, many are expecting a major upward action.
    image 16

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker is a journalist that covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • fashion stocksInvestment Ideas2023.05.26Luxury Fashion Stocks: Have they reached their peak?
    • Crypto Market May 2023Crypto2023.05.25Cryptocurrency Market Update May 2023
    • Wynn Resorts (WYNN)Stockmarket Watch2023.05.24WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023
    • sar vs jpyForex2023.05.22Why Does the Saudi Arabian Riyal Keep Rising Against the Yen?
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleWYNN: Wynn Resorts Limited, Company Stock Evaluation 2023
    Next Article Luxury Fashion Stocks: Have they reached their peak?

    Related Posts

    Crypto Market Update – Winners & Losers

    May 18, 2023

    Is Bitcoin Going to Break the $30k Barrier Again?

    May 1, 2023Updated:May 1, 2023

    Bitcoin Just Broke $30,000. Is the Bull Run Incoming?

    April 11, 2023Updated:April 11, 2023
    Add A Comment

    Leave A Reply

    Luxury Fashion Stocks: Have they reached their peak?

    May 26, 2023

    Cryptocurrency Market Update May 2023

    May 25, 2023

    WYNN: Wynn Resorts Limited, Company Stock Evaluation 2023

    May 24, 2023

    Why Does the Saudi Arabian Riyal Keep Rising Against the Yen?

    May 22, 2023
    Categories
    • Best Deals
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stockmarket Watch
    Recent Comments
    • Peter Williamson on G7 Summit Japan 2023: Global Economy in Challenging Path
    • what the finance on Bitcoin Just Broke $30,000. Is the Bull Run Incoming?
    • Peter williamson on Bitcoin Just Broke $30,000. Is the Bull Run Incoming?
    • Peter Williamson on How ChatGPT is Impacting the Economy
    • what the finance on GM, Chrysler Struggling to Survive
    Also Check Out

    What Next for Tesla and Elon Musk?

    May 5, 2023

    Space Stocks: The Growing Popularity of Investing in the Final Frontier

    May 17, 2023

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    We're social. Connect with us:

    Twitter LinkedIn
    Top Insights

    Space Stocks: The Growing Popularity of Investing in the Final Frontier

    May 17, 2023

    How ChatGPT is Impacting the Economy

    April 5, 2023

    How To Find The Best Deals For Loans

    March 1, 2023
    Get Informed

    Subscribe to Updates

    Get the latest market news from What The Finance.

    Type above and press Enter to search. Press Esc to cancel.