Bitcoin crossed the $28,000 mark. The largest cryptocurrency is up 0.3% over the past month and is trading at $28,500 on Monday, May 1.
This is evidenced by data from one of the largest European crypto exchanges, WhiteBIT.
As you know, in mid-April against the backdrop of problems in the US banking sector, bitcoin soared to $30,000 for the first time since June last year, but a gradual correction to $28,000 took place starting on April 18.
Also, over the last day, all digital assets from the top 10 by capitalization lost some value. Specifically, Ethereum (ETH) is currently trading at $1.848, Binance Coin (BNB) at $333.7, USDC at $0.998, Solo at $22.325, and WhiteBIT Token (WBT) at $4.751.
The total capitalization of the crypto market at the time of publication has decreased to $1.182 trillion.
In general, market participants are waiting for the results of the meeting of the US Federal Reserve System and the press conference of Fed Chairman Jerome Powell.
According to BitRiver estimates, the May trading price range will be $26,500 - $31,000. Until the meeting of the US Fed, the price will most likely remain in the indicated range and will leave it after June 1, 2023.