From Investing.com: 2024-05-30 17:08:24

Bitcoin maintained its price around $67,000, with a 5% drop in high-value altcoins. Despite initial rejection at $70,000, Bitcoin stayed stable, sparking optimism among investors amidst speculations of a negative momentum shift towards $65,000.

Unemployment claims and growth data in the U.S. could impact market volatility ahead of the Personal Consumption Expenditures Price Index announcement. Potential fluctuations in risky markets are expected based on deviations from expected data.

Glassnode’s report hinted at a revival in Bitcoin buyer interest, contrasting prevailing negative sentiments in the crypto market. Long-term investors started accumulating again, signaling a positive shift since December.

Among the top 100 cryptocurrencies, meme coins like , , , and experienced significant declines, overshadowing the overall market. While new asset surged over 35%, no top 100 cryptos saw a value increase of more than 5% in the last 24 hours.

Read more at Investing.com: Cryptocurrencies maintain their negative trend ahead of U.S. inflation data By Investing.com