Bitcoin Unable To Stage A Recovery Decisively, Ethereum Consolidates Below $3K
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 12 2024- Crypto Market Update:
- Bitcoin and major coins are consolidating without a swift recovery.
- Bitcoin's price is around $61K, while Ethereum is below $3K.
- The market calmed after a sudden correction due to a statement from the US Federal Reserve.
- Altcoins are consolidating but still below recent highs.
- Best performers include Immutable (IMX) and Ribbon Finance (RBN), while worst performers are Zebec Protocol (ZBC) and Kaspa (KAS).
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
