Bitcoin holds steady at $30,000 amid wave of skepticism

At 5:30 a.m. this morning, May 23 (Vietnam time), Bitcoin price on CoinDesk exchange at 30,320 USD, up 3.15% compared to yesterday, helping each virtual currency add 926 USD.

Statistical data for the past 24 hours shows that the world’s most popular and valuable virtual currency traded as low as $29,231 and highest at $30,423.

According to CoinMarketCap, Bitcoin trading volume during this period was around $21.1 billion. Market capitalization at $577 billion.

On Vicuta, an exchange that is interested by many Vietnamese, the buying price of Bitcoin increased to 713 million dong, while the selling price was also pushed to 750 million dong.

Bitcoin recovery causes many virtual currencies to increase in price. Specifically, Ethereum is up 3.4%, Binance Coin is up 2.25%, Ripple is up 2%, Cardano is up 3.4%, Solana is up 5.7%, Dogecoin is up 2.2%, Polkadot is up 2.3% …

Total market capitalization also increased 2.8% to 1.290 billion USD.

Bitcoin continues to trade above the $30,000 mark after a series of catastrophic plunges that surprised many people. Veteran trader Peter Schiff says this won’t last much longer. Even so, Schiff believes this could be a bull trap to attract more buyers, before another big drop is likely. Previously, Schiff predicted that the largest cryptocurrency would drop below the $10,000 mark.

Santiment – a well-known cryptocurrency analysis firm – also thinks that the downtrend is not over for Bitcoin and the cryptocurrency market. In fact, the recent decline of the cryptocurrency market has left investors with negative emotions. Not only the market saw massive liquidations but also the death of Luna – a virtual currency that once had a price above 100 USD.

European Central Bank (ECB) President Christine Lagarde also said that cryptocurrencies are not based on anything and need regulation to avoid speculation. Compared to the digital EUR, a project that could be completed within the next four years by the ECB, Ms. Lagarde believes that cryptocurrencies have no value, no backing and no underlying asset. acts as a safe anchor.

“The day we can withdraw digital currency from the central bank, I guarantee that all digital EUR will be held accountable by the central bank. This is different from current digital assets.” she added.