Bitcoin Fell Nearly 2% to Hover Around $28,000

This morning (May 13), the Bitcoin price fell 1.98% to $28,516.7 in Asia before gradually rebounding.

Bitcoin’s negative performance came after the Dow fell 103 points on Thursday (May 12), marking the sixth consecutive day of declines.

• The Dow Jones Industrial Average fell 103.81 points, or 0.33%, to close at 31,730.30.
• The S&P 500 fell 5.10 points, or 0.13%, to close at 3,930.08 points.
• The Nasdaq rose 6.73 points, or 0.06%, to close at 11,370.96.

Movements in the Crypto Market

Cryptomind Group Holdings Ltd. said the Bitcoin price fell to $27,000 from $30,000 after moving recently.

The price decline is considered a normal condition that can occur due to international factors. In particular, investors are concerned about the Federal Reserve’s rate hike and quantitative tightening (QT) cuts, as well as fears of a bubble bursting in the stablecoin LUNA, which has fallen sharply.

Therefore, it is believed that we could see further stagnation in the cryptocurrency market. This leads to a lack of confidence in the market, which could push the Bitcoin price to the lowest level of $20,000.

The Spot Market is Open

Friday, May 13, 2022

Crypto Updated at	USD Price	Change	%Change
15.00 BTC	30,110.64	+499.25	+1.69
15.00 ETH	2,046.01	+27.42	+1.36
15.00 LTC	67.97	+1.19	+1.79
15.00 BNB	296.05	+14.84	+5.28
15.00 XRP	0.43	+0.04	+9.13
15.00 ADA	0.57	+0.05	+10.18
15.00 DOT	9.94	+0.79	+8.63
15.00 DOGE	0.09	0.00	+3.65
15.00 UNI	5.10	+0.20	+4.08
15.00 LINK	7.11	+0.24	+3.47

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