Bitcoin and Ethereum Are in a Recovery Phase, but Returns Have Greatly Declined – crypto.news - BitcoinEthereumNews.com
Bitcoin क्रिप्टो EthereumBitcoin and Ethereum Are in a Recovery Phase, but Returns Have Greatly Declined – crypto.news05 / 24 / 2022बिटकॉइन एथेरियम समाचार Following the collapse of UST and LUNA, the cryptocurrency market has entered a consolidation period. The global crypto market cap currently stands at $1.30T, an increase of 1.70% over the last day. Over the past 24 hours, the crypto market volume has increased by 25.93% to $71.42B BTC Retraces to the $30K Level Both BTC and Ethereum returns have इंकार कर दिया, as shown on a Glassnode report. Notably, the recent market decline has put a significant dent in the assets performance. Bitcoin traded within a tight range between a high of $31,200 and a low of $28,713. For the eighth week in a row, the Bitcoin market has traded lower, the longest streak of red weekly candles in history. Traders held the support at the $28,630 level on May 20, signifying that the bulls are in a buying mood. The price then moved above the downtrend line, which is a sign of a recovery. If the price continues to move above the downtrend line, it could push the price higher to the 30-day exponential moving average of $31,758. A clear break