Today's cryptocurrency values were mixed, with Bitcoin remaining above the USD31,000 barrier. The world's largest and most popular cryptocurrency increased by more than a percent to USD31,901 at the time of writing. However, the token is down 31% this year and is trading well below its all-time high of USD69,000 set in November 2021.
On the other hand, Ether, the second-largest cryptocurrency and the token linked to the Ethereum network, slid more than 2% to USD1,946. Meanwhile, the price of dogecoin was down 0.6 percent to USD0.08 today, while the price of Shiba Inu was down nearly 2% to USD 0.000011. Today's global cryptocurrency market capitalization is USD1.37 trillion, almost unchanged over the last 24 hours.
Other digital assets' performance was mixed, with Cardano, Stellar, Uniswap, XRP, Litecoin, and Tron prices rising in the last 24 hours, while Solana, Polkadot, Avalanche, and Polygon prices falling. Bitcoin is currently trading around USD31,000, having recovered from a three-week low. It is, however, still down 16% in May. Smaller tokens have also recovered. While Bitcoin's popularity has risen recently, other altcoins have outperformed it.
While Bitcoin is up for a fourth day, certain closely-watched technical indicators imply that if the largest cryptocurrency fails to retain support at USD29,000, it might fall to its lowest level since December 2020, as per the report.
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