Month: May 2022

Bitcoin and other major Altcoins are stabilizing after the cryptocurrency space got slaughtered. The momentum is still to the downside as significant pressure mounts on BTC right now.

BTC corrected on reasonable volume, the lowest since December 2020. The price of bitcoin plunged below $30,000, triggered by high volume selloffs. BTC has bounced back above $30k since then, but the overall tone in the cryptocurrency space remains bearish.