Bitcoin below $28,000 on Tuesday
Another drop for the price of Bitcoin. The digital currency plunged 2% this Tuesday, May 2, 2023 with a price that spent a few hours below $28,000 on the corner. The market in total red.
Bitcoin on fire
With almost 2% lost for the day, the price of Bitcoin is on fire, but in a bad way. The digital currency has been losing points for the past few days and is struggling to rally to its mid-April highs. BTC is trading at just $28,000 today and could continue in a bearish pattern.
Be careful though: some analysts are already suggesting a low of $27,900 for Bitcoin, a low that could lead the digital currency to the heights and why not $32,000. For the time being, nothing of the sort, but many are waiting to find a technical rebound that could lead to a real bull market, notably by breaking the last highs of last April.
See more: Google clashes with Brazil over disinformation bill
Altcoins in the hard
Of course with this correction, many coins find themselves in the hard like the Ethereum which lost up to 1% this Tuesday, May 2, 2023. The currency was displayed at 1,834.50 dollars from the corner. Binance Coin price lost 3.31% while Ripple price lost 0.84%. The Cardano price lost 1.37% when the Dogecoin price lost 0.93%.
Lower still, the Polygon fell by almost 2% with a price that was displayed at 0.9584 dollars from the corner. The price of Solana also lost big with a price still below 22.00 dollars from the corner to 21.92 dollars and more than 1.30% drop. In short: a complex day for digital currencies.
