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Bitcoin falls below USD $39,000 and major altcoins score in the red on May 2

Alex Coin
May 2, 2022
Reading Time: 5 mins read
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What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

After surpassing USD $39,000 in the early hours of the morning, the price of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. is going down again by midday this May 2, and the major altcoins seem to replicate this same behavior.

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***

Bitcoin falls below USD $39,000 this May 2

A new month begins and we open our report for the noon of this May 2nd reviewing the evolution seen in the price of Bitcoin ( BTC ), Although this morning it had a good performance, at the moment of editing it is going down capitalizing similar values to those seen yesterday at this same time, trading at around USD $38.215 per unit.

Although on the surface the price of Bitcoin does not appear to have fluctuated significantly over the last 24 hours, data published in our CryptoMarkets show that shortly after midnight it traded above the barrier of USD $39.000, but it is from that point when its price begins to fall until reaching USD $38.500, point from which there was a rebound that reached near the aforementioned mark, and then fell progressively until reaching the previously mentioned values.

Bitcoin price evolution this May 2nd
Bitcoin price evolution this May 2nd

Top altcoins are holding or going down

For their part, a good portion of the major altcoins replicate the pattern seen with the price of Bitcoin, essentially varying with respect to the balance over the past 24 hours.

Among the currencies that are going down, the following stand out first of all Solana ( SOL ), currency currency is a medium of exchange that defines value. whose fall is associated with the cessation of operations of its network a network refers to all nodes in the operation of a blockchain at any given moment in time. for about 7 hours, which impacted on its price and resulted in a fall of 3.74%. It is followed by others such as Cardano ( ADA ), Dogecoin ( DOGE ), Polkadot ( DOT ), Shiba Inu ( SHIB ), Polygon ( MATIC ), NEAR and many others, with daily losses of between 3% and 6% at the time of going to press.

  • Cardano in figures: number of transactions grew by 8% and ADA addresses by 3% in April

Another noteworthy case going down this May 2 is that of Apecoin ( APE ), coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. launched by Yuga Labs linked to the popular collection of NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. Bored Ape Yacht Clubwhich has lost around 17.3% in the last 24 hours, trading at around USD $14 at the time of publication. This is in stark contrast with the uptrend it maintained during the last week, being among the main gainers of the different trading days for several days.

Ganadoras y perdedoras para este 2 de mayo

According to our section CryptoMarkets, these would be the currencies with the most pronounced downward fluctuations at this hour:

???? Winning Cryptocurrencies:$HEX HEX 11,48% (USD $0,18)$XEM NEM 5,64% (USD $0,09)$HNT Helium 4,39% (USD $13,85)$OKB OKB 4,28% (USD $18,74)$FTM Fantom 4.13% ($0.74)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) May 2, 2022

???? Losing Cryptocurrencies:$APE ApeCoin -13,24% (USD $14,48)$CRO Cronos -9.15% ($0.27)$NEXO Nexo -6,05% (USD $2,15)$GMT STEPN -6% (USD $3,19)$WAVES Waves -5,69% (USD $12,29)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) May 2, 2022

The most important news of the day

Below, we share with readers some of the most noteworthy news for this May 2:

  • Billionaire Warren Buffett: I wouldn’t buy all the Bitcoin in the world for $25 USD
  • Cardano in figures: number of transactions grew by 8% and ADA addresses by 3% in April
  • Mark Cuban proposes using Dogecoin to solve Twitter spam problem, Elon Musk likes the idea
  • Solana suffered another 7-hour outage, but impact on SOL price was minor
  • Final announcement: Wikimedia will no longer accept cryptocurrency donations and states its reasons why

To buy cryptocurrencies through DiarioBitcoin

We understand that this is a complex and especially sensitive time in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market, but if you are one of the people who see opportunities with the current prices, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies.

If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ) or want to get someTether ( USDT ), all you have to do is access our website CryptoMarkets and click on the currency of interest. In addition to viewing its price, performance and other market an area or arena, online or offline, in which commercial dealings are conducted. data, you will also find a buy button that will take you to a exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. reputable in which to do business.

Buy button to purchase cryptocurrencies
Buy button to purchase cryptocurrencies

We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.


Source: CryptoMarkets , CoinMarketCap

Reporte de Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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