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Why Is The Crypto Market Down Today? | Old North State Wealth News
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Why is the crypto market down today?

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1 week ago

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Right as analysts thought that (BTC) was on the cusp of showing signs of a price breakout, the crypto market took a turn to the downside amid increased regulatory uncertainty. Now it seems BTC is stuck far below the $28,000 resistance level.

Bitcoin price hit a 30-day low on May 24 at $26,113 as traders worry that a larger price dip is possible, noting that the 5% 24-hour drop is a key moment of truth for the crypto market.

Cryptocurrency market performance, 1-day chart: Coin360
Global economic health. Source: U.S. Bank
Target (NYSE:) interest rate probabilities. Source: CME Group (NASDAQ:)
ecosystem total value locked. Source: DeFiLlama

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