Bitcoin Falls Following U.S. Stock Markets Closing Positive on Friday

Bitcoin went up by 0.73% today (May 15), moving at $29,765.47.

The Bitcoin price moved into negative territory this afternoon in Asia on the back of a 466-point gain in the Dow Jones Index on Friday (May 13) as investors bought up speculative stocks. As a result, the price has recovered in all groups after the stock market on Wall Street fell for six consecutive days.

  • The Dow Jones Industrial Average rose 466.36 points, or 1.47%, to close at 32,196.66.
  • The S&P 500 rose 2.39% to close at 4,023.89 points.
  • The Nasdaq rose 3.82% to close at 11,805 points.

In the past week, Bitcoin’s slump has sent other cryptocurrencies crashing, with Ethereum falling more than 20% in the past 24 hours to $1,720.58.

However, other cryptocurrencies also fell. The smallest drop of 2.17% was recorded by Tether at $0.9781, followed by Bitcoin, which fell 13.38% to $27,155.93. Binance BNB digital currencies fell 24.78% to $235.57, and Solana dropped 34.52% to $42.91.

Terra LUNA, which fell 99% in a week, quickly lost its position in the top 10 digital assets.

The Spot Market is Closed

Saturday, May 15, 2022

Crypto
Updated at
USD
Price

Change

%Change
13.40 BTC29,741.62+921.05+3.20
13.40 ETH2,028.91+58.95+2.99
13.40 LTC67.90+3.06+4.72
13.40 BNB292.79+12.61+4.51
13.40 XRP0.42+0.02+5.09
13.40 ADA0.53+0.04+7.19
13.40 DOT11.07+1.17+11.86
13.40 DOGE0.090.00+3.40
13.40 UNI5.16+0.36+7.56
13.40 LINK7.25+0.53+7.87

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