Bitcoin về ngưỡng 41,000 USD, nhiều Altcoin vẫn còn

Bitcoin reaches the threshold of 41,000 USD, many Altcoins are still “diving”


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Most of the cryptocurrencies are now no longer recovering and even the decline continues to appear stronger on the chart.

The red color continued to cover the crypto market as the big brother Bitcoin fell to $41,000 after failing to maintain the support levels.

According to the latest update from Coinecko, Bitcoin price today (May 19) was recorded at 8:47 am at $41,181, down more than 9% compared to the last 24 hours. The market capitalization also plummeted to $770 billion and BTC Dominance remained low, at 39.4%.

btc price movement last 24 hours

In the past hours, the entire cryptocurrency market in general continued to fall sharply after the news that China tightened regulations, banning domestic organizations from providing crypto-related services.

overview of the virtual currency market

In the top 10, none of the coins recorded an increase over the past 24 hours. Many coins have plummeted from the previous ATH level, such as BTC, ETH, BNB or DOGE…

top 10 cryptocurrencies

The total cryptocurrency market capitalization continues to weaken today, recorded at 8:50 am at 1.962 billion USD, down 187 billion USD compared to the last 24 hours.

virtual currency market capitalization

The 24-hour trading volume on the market was recorded at 184.24 billion USD, down 16 billion USD compared to May 18.

Can be under 40,000 USD

Evercore ISI analyst, Rich Ross, predicts that “the current drop could drag BTC below $40,000.”

Similarly, Tallbacken Capital Advisors LLC managing director Michael Purves also made a “not very happy” comment on BTC, saying that “the key threshold BTC needs to hold right now is $42,000,” warning that “everything goes wrong.” Breaking below this threshold will be very fierce.”

“After a series of breakouts, a correction is needed for the market…even though we don’t want it to happen,” said Justin Chuh of investment firm Wave Financial.

Anchorage co-founder, Diogo Monica, said that “Our clients are still actively holding crypto, they see this as an opportunity to buy more.”


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