Markets
Bitcoin, Ethereum and Dogecoin Continue Sideways: “A Few More Months of BTC Cutting Season,” Trader Warns
May 31, 2024 4:34 pm | 2 minute read
Cryptocurrency markets saw more sideways trading to close out the week, with inflation data failing to trigger a demonstration.
Prices starting at 4pm ET:
| Cryptocurrency | Price | Earnings +/- |
| Bitcoin (CRYPTO: Bitcoin) | $67,640 | -0.9% |
| Ethereum (CRYPTO: ET) | $3,780 | +1.1% |
| Solana (CRYPTO: SOL) | $166.15 | -0.5% |
| Dogemoneta (CRYPTO: DOGE) | $0.159 | -0.4% |
| Shiba Inu (CRYPTO: SHIB) | $0.0000255 | -1.3% |
Notable stats:
Notable developments:
Top winners:
| Cryptocurrency | Price | Earnings +/– |
| Lido (CRYPTO: I DO) | $2.53 | +8% |
| Beam (CRYPTO: BEAM) | $0.02853 | +7.5% |
| Pepper (CRYPTO: PEPPER) | $0.00001507 | +4.5% |
Merchant Notes: Veteran trader Shardi B sees more “chops,” warning traders that sideways price action could continue for several months to come.
Loma Crypto he complained that the “current cycle” is “boring.”
“At least in the last few cycles I can pretend to be interested in the common good of finance,” the user added.
What’s next: The influence of Bitcoin as an institutional asset class it is expected to be explored in depth at Benzinga’s next event The future of digital assets event on November 19th.
Photo: Shutterstock
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