Cryptocurrency News

Buy the dip, or wait for max pain? Analysts debate whether Bitcoin price has bottomed

05/14/2022

Less than a minute

2022.05.14 00:15

Buy the dip, or wait for max pain? Analysts debate whether Bitcoin price has bottomed

It has been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin (BTC), Ethereum (ETH) and altcoin prices, plus the panic selling that took place after stablecoins lost their peg to the U.S. dollar.

The bearish headwinds for the crypto market have been building since late 2021 as the U.S. dollar gained strength and the United States Federal Reserve hinted that it would raise interest rates throughout the year.

05/14/2022

Less than a minute

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Bitcoin (BTC) $ 104,044.88 2.80%

Ethereum (ETH) $ 3,867.73 2.29%

XRP (XRP) $ 2.46 6.29%

Tether (USDT) $ 0.999955 0.09%

BNB (BNB) $ 714.89 1.92%

Solana (SOL) $ 215.81 5.25%

Dogecoin (DOGE) $ 0.384209 4.41%

USDC (USDC) $ 1.00 0.09%

Lido Staked Ether (STETH) $ 3,860.93 2.08%

Cardano (ADA) $ 1.02 5.73%

TRON (TRX) $ 0.27257 5.08%

Avalanche (AVAX) $ 46.27 6.35%

Chainlink (LINK) $ 27.36 2.71%

Wrapped stETH (WSTETH) $ 4,585.07 2.23%

Shiba Inu (SHIB) $ 0.000026 5.69%

the-open-network

Toncoin (TON) $ 5.70 4.86%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 103,702.78 2.75%

Sui (SUI) $ 4.60 1.51%

Stellar (XLM) $ 0.419798 5.46%

Polkadot (DOT) $ 8.22 5.39%

hedera-hashgraph

Hedera (HBAR) $ 0.295563 2.91%

WETH (WETH) $ 3,870.38 2.13%

Bitcoin Cash (BCH) $ 518.36 3.16%

Uniswap (UNI) $ 15.55 3.83%

Pepe (PEPE) $ 0.000021 7.64%

LEO Token (LEO) $ 9.67 0.61%

Litecoin (LTC) $ 115.69 1.79%

Hyperliquid (HYPE) $ 24.60 7.53%

NEAR Protocol (NEAR) $ 6.13 10.21%

Wrapped eETH (WEETH) $ 4,079.31 2.06%

Aptos (APT) $ 12.80 4.00%

Ethena USDe (USDE) $ 1.00 0.04%

Bitget Token (BGB) $ 4.20 9.99%

internet-computer

Internet Computer (ICP) $ 11.89 4.32%

Aave (AAVE) $ 366.70 0.29%

USDS (USDS) $ 0.998915 0.43%

crypto-com-chain

Cronos (CRO) $ 0.18537 4.38%

Ethereum Classic (ETC) $ 31.60 4.46%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.547444 6.58%

VeChain (VET) $ 0.054013 7.11%

Render (RENDER) $ 8.32 6.22%

Artificial Superintelligence Alliance (FET) $ 1.58 3.84%

Monero (XMR) $ 220.83 1.04%

Arbitrum (ARB) $ 0.936135 3.97%

Mantle (MNT) $ 1.17 4.56%

Bittensor (TAO) $ 525.19 1.56%

MANTRA (OM) $ 4.10 2.78%

Filecoin (FIL) $ 6.06 6.10%

WhiteBIT Coin (WBT) $ 25.01 1.44%

Kaspa (KAS) $ 0.137585 3.87%