News Report
May 24, 2022

MPost Markets: Bitcoin prices continue to fall

The bear market shows no signs of slowing down, with Ether and Bitcoin prices remaining affected. Markets continue to be unpredictable, and so investors need to remain cautious while making investments due to current instabilities.

Bitcoin prices are maintaining a downward trend, failing to stay above the $30,000 mark. In fact, for the first time since its inception, BTC has been incurring losses for eight weeks straight. During the last 24 hours, the price has dropped by 3.83%, according to CoinMarketCap data, at the time of writing. Ether has noted an even steeper drop of 5% and is currently at $1,979.80, with BNB and XPR also experiencing similar drops of 2.42% and 4.44% respectively.

Fantom, which yesterday saw an uptick of 16%, today has declined by 13.83%, proving just how volatile the market currently is.

However, that’s not to say there are no upward trends seen. Following the horrible TerraUSD (UST) crash earlier this month, the stablecoin is now experiencing the biggest rise in prices of 10.68%, but at $0,08 it is still nowhere near regaining its former price. Luckily, Tether and USDC are doing better, both oscillating around the $1 price.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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Karolina Gaszcz
Karolina Gaszcz

Karolina is a writer and journalist with a background in literary studies. She loves exciting tech solutions and art, and NFTs are often a perfect amalgamation of the two. Outside of work, she’s a plant mom, a vintage fashion enthusiast, and a gamer.

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