- The Bitcoin trading price has dropped below the $27K mark.
- BTC’s fear and greed still maintain the neutral stage.
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has witnessed a continuous decline. The trading price of BTC has dropped below the $27K mark. Crypto analysts are suggesting that the trading price of Bitcoin will drop below the $25K mark if it continues to decline.
Moreover, the market capitalization of Bitcoin has reached $1.22 trillion, an increase of 0.06%. BTC’s dominance in the crypto market has gone to 42.55%, which is down 0.09%. And also, there is a possibility that the Fed may raise the interest rate by another 25 basis points next month.
Bitcoin Continues to Show Decline
As the crypto market remains risk-averse on Friday, the trading price of Bitcoin continues to drop. The drop resulted in the BTC fear and greed score going to 48. Even with the continued decline, BTC’s fear and greed remain neutral.
In the Market overview, the top 10 coins in the crypto market are going in different directions. The global market cap is $1.13 trillion, with an increase of 0.67% over the last day. While Bitcoin continues to show a decline, the trading price of XRP and Ethereum (ETH) have witnessed surges of 0.43% and 0.3%, respectively.
At the time of writing, the trading price of Bitcoin is around $26,936, with an increase of over 0.21% in the last 24 hours. The trading volume of BTC has witnessed a massive decline of around 49.93%, according to CoinMarketCap. Moreover, the crypto market has positive in May as the Fed decided to halt tightening the liquidity next month.
