To be sure, we don't either, but we think it's worth keeping in our back pocket in case we need it. You could also stick to some of the market leaders, such as Bitcoin (BTC 0.26) and Ethereum, which tend to be a little safer than smaller cryptocurrencies (. Coinbase Global Inc.s COIN Derivatives Exchange announced on Friday it will launch institution-sized Bitcoin BTC/USD and Ethereum ETH/USD futures contracts on. 'It's probably safe to say that not one bitcoin bull has that figure in their model. 'A 78% decline from the bitcoin high of nearly $69,000 would imply a potential downside figure of about $15,000,' said Roque. Roque said that he's been using $30,000 as a target, but spoke on the median historical bear market for bitcoin dropping 78%. Some analysts say they see $30,000 as the next level of support for the cryptocurrency to test, but analyst John Roque of 22V Research believes bitcoin could fall even further. Prices for precious metals split on the final trading day in May, with gold and silver gaining and. 'The recent price drop, coupled with high volatility, could be leading to further selling as participants look to reduce risk.' Crypto analysts weigh in on Bitcoin Gold Prices Shed 0.9 in May Silver Logs 6.5 Monthly Loss. 'It's possible that macroeconomic concerns, such as the Fed's response to inflation rates, have facilitated more de-risking activity in general,' said the head of OTC options trading at Kraken, Juthica Chou. Bitcoin and ether are both nearly 50% off their all-time highs. Meanwhile, the Dow fell as much as 1,115 points and the S&P 500 fell into correction territory for a brief moment.Įther fell to as low as $2,176.41, its lowest since July, according to Coin Metrics. This represents a 0.98 price increase in the last 24 hours and a -0.48 price decline in the past 7 days. In a tweet posted yesterday, the on-chain analysis firm Glassnode noted that the 1d-3m Bitcoin (BTC) Realized Cap HODL Waves experienced a significant increase, rising from a cycle low of 11.5 to a current value of 21.4. The price of Curve DAO (CRV) is 0.819161 today with a 24-hour trading volume of 27,869,025. At press time, BTC was trading hands at 27,114.40 after a 0.98 price increase. On Monday, Bitcoin dropped to $32,982.11, its lowest point since July, according to Coin Metrics, but rose 5.6% in afternoon trading to $37,183.25. Curve DAO (CRV) price has increased today. They're also weighing the impact of further regulation on the crypto market as Russia's central bank plans to ban the mining and use of cryptocurrencies. Investors are selling risk assets like technology stocks in preparation for stricter monetary policy from the Federal Reserve.

Cryptocurrencies are moving in tandem with stocks, which continue to fall since the start of this year and just experienced its worst week since March 2020.

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