Cryptocurrency Price on May 28: Bitcoin below $68,000; Ethereum, Toncoin decline up to 2%

Some 42,829 Bitcoins worth around $2.9 billion were moved out of Mt. Gox wallets in early Asian hours on Tuesday, according to data from and . The wallets still hold 95,061 Bitcoin after the outflow.

Sathvik Vishwanath, co-founder & CEO of , provided insight, stating, "The immediate resistance levels for BTC are $69,600, $70,650, and $71,950. On the downside, the support levels are $67,265, $66,380, and $65,144. The RSI is at 47, indicating neutral sentiment, while the 50-day EMA at $68,737 indicates resistance."

noted, "For , $4,000 is posing a significant resistance to further appreciation and testing of all-time highs at $4,800, while support can be expected around the $3,800 mark."

In addition to Bitcoin and Ethereum, other major crypto tokens like BNB, Cardano, , Polkadot, and Tron also experienced declines of up to 2%. Conversely, Solana, Shiba Inu, Chainlink, and XRP surged up to 6%.

The global cryptocurrency market cap fell by 0.9% to approximately $2.55 trillion in the last 24 hours, while the total crypto market volume reached $90.84 billion, marking a 34.93% increase. Stablecoins accounted for $84.68 billion of the total crypto market 24-hour volume, representing 93.22% of the total, as per data available on CoinMarketCap.

Over the past 24 hours, the m-cap of Bitcoin, the world's largest cryptocurrency, decreased to $1.337 trillion. Bitcoin's dominance currently stands at 52.45%, according to CoinMarketCap. BTC volume in the last 24 hours surged by 59.2% to $29.58 billion.

Source: Forex-Markets-Economic Times