Crypto Market Falls 4.1% While Nasdaq Closes up 2.68%

2022.05.28 00:11

Crypto Market Falls 4.1% While Nasdaq Closes up 2.68%

• Wu Blockchain posted a tweet reflecting on the close of the crypto and the stock markets on May 27.
• This is the second time this month that Ethereum’s price fell below $1,800.
• Several of the top Layer 1 blockchains posted some of the biggest losses in the market.

Twitter (NYSE:TWTR) user Wu Blockchain posted a tweet reflecting on the close of the crypto and stock markets on May 27. The tweet stated, “In the past 24 hours, Ethereum fell below $1,800, and the overall cryptocurrency market fell 4.1%. The Nasdaq closed up 2.68%, while Tesla (NASDAQ:TSLA) rose 7%. The U.S. stock market and the cryptocurrency market have rarely seen a different trend.”

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