Bittime - Today's crypto market is quite sluggish. Starting from the prices of several crypto assets experiencing a decline to low market capitalization. These are the highlights of today's crypto news, May 15, 2024.
Several Crypto Assets Experience a Decline
Today, May 15 2024, Bitcoin and several other crypto assets experienced a correction in the last 24 hours. BTC fell 2.9%, ETH fell 2.9%, BNB fell 3.6%.
Apart from that, AEVO was observed to have experienced a significant decline, namely 21.13 percent in the last 24 hours. Currently, the price for AEVO to IDR is IDR 13,429.
In fact, the crypto market maker company Wintermute experienced significant losses after exchanging RBN tokens for AEVO. Wintermute exchanged 2.5 million RBN tokens to AEVO, and suffered a loss of US$778,000 (around Rp. 11.6 billion).
Check Today's Crypto Market:
Price correction is expected to continue
Michaël van de Poppe, founder of MN Trading, provides his views regarding the price prospects for Ethereum and Bitcoin in the next few weeks. He estimates that ETH price could undergo another 10% correction before reaching higher timeframe support levels.
In other words, Ethereum's price correction may not be completely over yet. However, he is optimistic that after this correction is complete, Ethereum prices will increase again in the next few weeks.
Apart from that, he also touched on Bitcoin, which according to him is currently in the lowest price range in the correction phase. He also warned of the potential for a higher correction. According to him, it is not impossible that Bitcoin will fall to $52,000-55,000.
The Majority of Crypto Assets Experience Low Market Capitalization
The majority of crypto assets are experiencing low market capitalization. Based on current market capitalization, as many as 24% of the top 100 tokens are at their lowest price level throughout 2024. This indicates that the majority of tokens in the top 100 are experiencing a significant price decline.
Apart from that, the performance of Ethereum (ETH) and Solana (SOL), two well-known crypto assets that are often in the top 10 in market capitalization, is disappointing. Ethereum ranked 37th, while Solana ranked 30th in the Year to Date (YTD) best performers list.
Also Read How to Buy Crypto:
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
When will Bitcoin Rebound? This is what the founder of Galaxy Digital said!
Low Market Cap: 24% of Top 100 Tokens at 2024 Bottom!
Ethereum Price Prediction by Founder of MN Trading, Correction Still Continuing?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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