Bitcoin has hit the 30,000 dollar mark once again, up 3% over the past 24 hours, but it’s not all good news
Investors are concerned the digital asset may face resistance at 35,000 U.S. dollars, which is where the current downtrend accelerated earlier in May.
Most cryptos appear to be stabilising along other global stocks, indicating a pause in bearish sentiment.
Some altcoins also rose, but the six-month downtrend continues.
Solana’s SOL is up as much as 2% over the past 24 hours, but it’s still down by 50% overall.
There has also been a 35% drop overall in ether and a 27% decline in bitcoin.
Bitcoin has been outperforming other cryptos over the past few months, indicating investors have less of an appetite for risk at the moment.
