📈Market Overview
Bitcoin and the wider cryptocurrency experienced another wave of overnight selling which deepened on May 23 as the majority of tokens pummeled to multi-month lows. The market-wide sell-off resulted in the total cryptocurrency market cap shedding another $250 billion in value to $1.33 trillion. BTC dipped and closed below the 200-day simple moving average ($40,235). Institutional investors watch this indicator closely and usually avoid buying if the price sustains below it for an extended duration.
The entire Top 10 is traded in the red zone. Polkadot -15.3%, Internet Computer -12.0%, Ripple -10.7%.
Market capitalization: $1.48T (-7.4%)
The BTC dominance: 44.36% (+2.5%)
Fear & Greed Index: 10 (Extreme Fear)
Unifi Protocol DAO (UNFI) +54.4%
Dfyn (DFYN) +52.9%
LCX (LCX) +46.7%
Paris Saint-Germain Fan Token (PSG) -48.2%
Empty Set Dollar (ESD) -37.7%
Dogelon Mars (ELON) -37.1%
BTC Futures
Aggregated Volume — $123.5B
Aggregated Open Interest — $8.87B
👉 Derivatives Market Analytics
