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  • Daily Bitcoin Price Analysis, Atrium, Solana and Bahman – May 26 Summary

Daily Bitcoin Price Analysis, Atrium, Solana and Bahman – May 26 Summary

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  Bitcoin

As the bearish wave strengthens, the global crypto market losses increase. Market losses have affected the performance of most coins because bitcoin is no exception. The performance of these coins has decreased due to the small influx of capital compared to the flow. Changes in the market indicate that it will go even lower. Some analysts have predicted that bitcoin will fall below $ 22,000. If this happens, the value of the global market will fail miserably.

eBay has joined the club with the launch of its first NFT suite. eBay is one of the largest corporate companies that aspires to be part of a growing economy. Other large companies, such as Microsoft and Facebook (which became meta), have already done this to ensure their survival. Different companies need to change to keep part of the web changing.

Here is a brief overview of the current market situation, analysis of the performance of Bitcoin, Atrium and other Altcoins.

BTC regression

A majority in parliament rejected a proposal to tax bitcoin and other digital currencies in the Portuguese parliament. The proposal was made by left-wing parties that had plans to tax crypto to help the country’s economy. The rejection of the bill has allayed fears of a bitcoin tax, but it may not last long.

BTCUSD 2022 05 27 06 57 32
Source: TradingView

The latest data for Bitcoin show that it has decreased by 2.25% in the last 24 hours. If we compare the weekly performance of Bitcoin, it has decreased by 4.68%. The tendency to increase the loss of bitcoin indicates that its value may decrease.

The price of Bitcoin shows that it has reached $ 29007.12. If we compare the market value of Bitcoin, it has reached $ 553,275,051,055. The 24-hour bitcoin trading volume is about $ 38,362,556,032.

ETH is further reduced

Atrium 2.0 has continued to move forward despite the blocks. Validations have run into problems, but they have continued to ensure that the anticipated merger takes place in a timely manner. On the other hand, its price value has faced problems due to the decline and has reached its lowest annual level.

ETHUSDT 2022 05 27 06 57 56
Source: TradingView

The latest data from Atrium show that it has decreased by 9.82% in the last 24 hours. If we compare its performance in the last seven days, it has dropped 13.67%. Changes in the value of the atrium indicate that it has continued to decline and may continue to do so.

The price of Atrium dropped to $ 1755.90. The Atrium market fell to $ 213,117,788,236. ETH’s 24-hour trading volume is approximately $ 24,940,750,379.

Ultra descending SOL

Solana has also suffered since the market continued to decline. The latest data for these coins show that it has decreased by 12.41% in the last 24 hours. The relative loss of the last seven days is also increasing and this amount has reached 20.56%. Increasing casualties indicate that SOL may be reduced by a third during its journey.

SOLUSDT 2022 05 27 06 58 16
Source: TradingView

The SOL price has reached $ 42.15 while the devaluation continues. The coin has a market value of $ 14,410,805,621. The coin has a trading volume of about $ 2,319,793,541.

AWACS continues to decline

Bahman has continued to decline because its market has not changed much. The latest data for this coin show 17.15% loss in the last 24 hours. If we compare the losses of the last seven days, this amount reaches 27.20%. The trend of increasing losses at an extraordinary speed is worrying for investors.

AVAXUSDT 2022 05 27 06 58 40
Source: TradingView

The coin is worth about $ 22.78. The market value for AVAX is estimated at $ 6,167,782,642. In comparison, the 24-hour trading volume of this coin is about $ 1,016,479,531. The circulation of this coin is about 270,802,194 AWACS.

Final Thoughts

The global crypto market has continued to depreciate as losses have increased. Increasing losses of bitcoin and other currencies have led to a steady decline in the value of the global market. The latest data show that the total value of the global market has fallen to $ 1.20 trillion due to continuing losses. If this situation continues, it may even break this barrier and lower its threshold level further. Changes in the market have not had a good result because investments show a dominant sales trend.