Cryptocurrency News

Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

05/23/2022

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2022.05.23 22:46

Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate Bitcoin (BTC) to spend some time in a range before “a real breakout.”

The seven-day moving average of the on-chain transaction volume tracked by Glassnode hit a nine-month low on May 23. This suggests that Bitcoin’s lackluster price action in 2022 has led to reduced participation from traders.

XRP/USDT daily chart. Source: TradingView

05/23/2022

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Bitcoin (BTC) $ 104,715.06 2.81%

Ethereum (ETH) $ 3,866.96 3.61%

XRP (XRP) $ 2.54 5.03%

Tether (USDT) $ 0.999742 0.08%

BNB (BNB) $ 716.51 2.18%

Solana (SOL) $ 216.67 2.57%

Dogecoin (DOGE) $ 0.385707 5.38%

USDC (USDC) $ 0.999974 0.13%

Lido Staked Ether (STETH) $ 3,858.64 3.57%

Cardano (ADA) $ 1.04 5.80%

TRON (TRX) $ 0.272999 6.84%

Avalanche (AVAX) $ 46.54 7.90%

Chainlink (LINK) $ 27.41 2.98%

Wrapped stETH (WSTETH) $ 4,592.22 3.48%

Shiba Inu (SHIB) $ 0.000026 5.56%

the-open-network

Toncoin (TON) $ 5.72 5.84%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 104,563.02 2.56%

Sui (SUI) $ 4.59 5.42%

Stellar (XLM) $ 0.434353 3.28%

Polkadot (DOT) $ 8.27 6.46%

hedera-hashgraph

Hedera (HBAR) $ 0.300468 4.45%

WETH (WETH) $ 3,869.58 3.46%

Bitcoin Cash (BCH) $ 522.53 3.31%

Uniswap (UNI) $ 15.88 2.76%

Pepe (PEPE) $ 0.000021 8.20%

LEO Token (LEO) $ 9.71 0.93%

Litecoin (LTC) $ 117.96 0.64%

Hyperliquid (HYPE) $ 25.31 10.23%

NEAR Protocol (NEAR) $ 6.26 10.28%

Wrapped eETH (WEETH) $ 4,081.88 3.50%

Aptos (APT) $ 12.76 7.56%

Bitget Token (BGB) $ 4.39 14.64%

Ethena USDe (USDE) $ 1.00 0.06%

internet-computer

Internet Computer (ICP) $ 11.96 5.56%

Aave (AAVE) $ 370.15 0.33%

USDS (USDS) $ 0.998715 0.21%

crypto-com-chain

Cronos (CRO) $ 0.190576 7.46%

Ethereum Classic (ETC) $ 31.65 6.04%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.554647 6.59%

VeChain (VET) $ 0.054364 8.44%

Render (RENDER) $ 8.36 6.30%

Artificial Superintelligence Alliance (FET) $ 1.58 5.55%

Monero (XMR) $ 219.96 0.19%

Mantle (MNT) $ 1.18 4.23%

Arbitrum (ARB) $ 0.934809 5.73%

Bittensor (TAO) $ 525.44 2.96%

MANTRA (OM) $ 4.03 3.41%

Filecoin (FIL) $ 6.10 7.09%

Fantom (FTM) $ 1.34 4.43%

WhiteBIT Coin (WBT) $ 25.00 1.16%