After climbing to $40,904 the previous day, bitcoin, the world’s largest cryptocurrency by market capitalisation, was down 4.62 percent at $37,489.76 .
May 27, 2021 / 10:45 AM IST
Cryptocurrency (Representational image: Shutterstock)
Bitcoin reclaimed the $40,000-mark for the first time this week but was down on May 27, trading at around $37,000. The world’s largest cryptocurrency by market capitalisation had climbed 6.5 percent to $40,904 on May 26, Reuters reported.
The volatility in the global cryptocurrency would likely persist for quite some time. “Cryptocurrency market volatility is not going away anytime soon,” Edward Moya, senior market analyst at OANDA, told Reuters.
“Right now the aftermath of the crypto plunge is having everyone dig a little deeper to try to find out, are the ESG and regulatory concerns going to pose a major risk in the short term?” Moya said.
Here are the prices of the 10 largest cryptocurrencies at 10.06 am IST on May 27 (data from coinmarketcap.com)
> Bitcoin: $37,489.76 (-4.62 percent)
> Ethereum: $2,672.02 (-4.88 percent)
> Tether: $1.00 (+0.03 percent)
> Binance Coin: $347.35 (-3.36 percent)
> Cardano: $1.66 (-3.67 percent)
> XRP: $0.9502 (-5.71 percent)
> Dogecoin: $0.3322 (-6.04 percent)
> USD Coin: $1 (+0.01 percent)
> Polkadot $22.24 (-4.67 percent)
> Internet Computer $132.93 (-9.95 percent)
You can also check the prices at Coinbase and cryptocurrency news platform CoinDesk.