{"id":27188,"date":"2022-05-18T05:35:40","date_gmt":"2022-05-18T09:35:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=27188"},"modified":"2024-07-28T07:39:10","modified_gmt":"2024-07-28T11:39:10","slug":"ethereum-falls-back-to-2000-bitcoin-stalls-at-30k","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethereum-falls-back-to-2000-bitcoin-stalls-at-30k\/","title":{"rendered":"Ethereum Falls Back To $2000, Bitcoin Stalls At $30k"},"content":{"rendered":"\n<p>As most of the market is slightly in the red <a href=\"https:\/\/coinscreed.com\/staging\/cloudflare-to-run-ethereum-validator-node-in-its-web3-experiment.html\">Ethereum<\/a> (ETH) <a href=\"https:\/\/coinscreed.com\/staging\/el-salvador-sets-to-discuss-bitcoin-adoption-with-44-countries.html\">Bitcoin<\/a> (BTC) and most <a href=\"https:\/\/coinscreed.com\/staging\/eth-whales-diversifying-to-other-altcoins-after-decline-in-ethereum-price.html\">altcoins<\/a> suffered losses<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-1024x768.jpg\" alt=\"Ethereum Falls Back To $2000, Bitcoin Stalls At $30k\" class=\"wp-image-14633\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-1024x768.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-300x225.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-768x576.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-750x563.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021-1140x855.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Ethereum Falls Back To $2000, Bitcoin Stalls At $30k<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-bitcoin-btc-stalls-at-30-000\" >Bitcoin (BTC) Stalls At $30,000<\/a><\/li><li><a href=\"#h-ethereum-eth-struggles-binance-coin-sees-red\" >Ethereum (ETH) Struggles, Binance Coin Sees Red<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<p>Bitcoin wasn't able to break through the $31,000 barrier, and it has fallen back by over $1,000 to a familiar level near $30,000. <\/p>\n\n\n\n<p>Most altcoins are slightly in the red today, with Ethereum fighting to stay above $2,000. The bigger-cap alts have hurt Polkadot the most.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-btc-stalls-at-30-000\">Bitcoin (BTC) Stalls At $30,000<\/h2>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-close-to-record-red-in-7-consecutive-weeks.html\">Bitcoin's <\/a>price was all over the place last week. At one point, it went from $40,000 to a multi-month low of $25,300, which was a drop of $15,000. <\/p>\n\n\n\n<p>The next few days brought back about $5,000, but then the tides turned, and this week has been much calmer, at least for now.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.shortpixel.ai\/spai\/w_763+q_lossless+ret_img+to_webp\/https:\/\/cryptopotato.com\/wp-content\/uploads\/2022\/05\/BTCUSD-18.png\" alt=\"Ethereum Falls Back To $2000, Bitcoin Stalls At $30k\" \/><figcaption>BTCUSD. Source: <a href=\"http:\/\/www.tradingview.com\" target=\"_blank\" rel=\"noopener\">TradingView<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n<p>The biggest jump in price happened two days ago when BTC went up to and past $31,000. But at that point, it failed, turned around, and went back down to below $30,000.<\/p>\n\n\n\n<p>Yesterday, when BTC traded above that coveted level for most of the day, the same thing happened. <\/p>\n\n\n\n<p>Now, though, the cryptocurrency is below that line, and its market cap has dropped to $570 billion. At just over 44 percent, it still has a strong lead over the other groups.<\/p>\n\n\n\n<p>In the past ten days or so, the performance of the other coins has been a lot like BTC's, with big drops last week and a calmer outlook since the weekend.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ethereum-eth-struggles-binance-coin-sees-red\">Ethereum (ETH) Struggles, Binance Coin Sees Red<\/h2>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/ethereum-shorts-build-up-as-eth-exchange-supply-increases.html\">Ethereum<\/a> tried to get to $2,100 yesterday, but it didn't work out. Since then, it has fallen back to around $2,000 because of this.<\/p>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/the-right-time-to-buy-binance-coin-as-bnb-sets-to-go-bullish.html\">Binance Coin<\/a> reached $310 yesterday, but after a small drop today, it is now $10 lower. <a href=\"https:\/\/coinscreed.com\/staging\/ripple-website-roll-design-ripple-liquidity-hub.html\">Ripple<\/a>, Solana, Cardano, <a href=\"https:\/\/coinscreed.com\/staging\/shibetoshi-nakamoto-gives-simplest-use-doge.html\">Dogecoin<\/a>, <a href=\"https:\/\/coinscreed.com\/staging\/avalanche-avax-drops-5-in-minutes-amid-terra-dump-concerns.html\">Avalanche<\/a>, and Shiba Inu have all seen similar drops.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.shortpixel.ai\/spai\/w_763+q_lossless+ret_img+to_webp\/https:\/\/cryptopotato.com\/wp-content\/uploads\/2022\/05\/Allcoins-10.png\" alt=\"Ethereum Falls Back To $2000, Bitcoin Stalls At $30k\" \/><\/figure>\n\n\n\n<p>The most money has been lost by <a href=\"https:\/\/coinscreed.com\/staging\/polkadot-launches-cross-chain-messaging.html\">Polkadot<\/a> in the last 24 hours. Due to a drop of 6.5%, DOT is now worth just over $10. TRON and Litecoin are two of the few large altcoins that have seen small gains.<\/p>\n\n\n\n<p>The total value of the crypto market has also stayed the same and is now close to $1.3 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As most of the market is slightly in the red Ethereum (ETH) Bitcoin (BTC) and most altcoins suffered losses Bitcoin wasn&#8217;t able to break through the $31,000 barrier, and it has fallen back by over $1,000 to a familiar level near $30,000. Most altcoins are slightly in the red today, with Ethereum fighting to stay [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":14633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[5496,5561,5562],"class_list":["post-27188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-altcoins-2","tag-btc-2","tag-eth-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/Highlights-from-the-Crypto-Market-for-November-3-2021.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=27188"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/14633"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=27188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=27188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=27188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}