Gate’s Daily Market Trends (May.29 ): Multi-country regulatory policy bearish Cryptocurrency prices shake up again

As of 12:00 CST, May.29, Bitcoin’s price was at $36,549.7 and Ethereum's price was at $2,533.78. On the evening of the 28th, the cryptocurrency prices fell once again collectively, with the lowest price of Bitcoin reaching $34,704.05 and the lowest price of Ether reaching $2,368.78, influenced by signals of increased cryptocurrency regulation in many countries. . At 6:00 on the 29th, Bitcoin’s price started to rebound, achieving 4 consecutive positive prices on the one-hour level. Entering 12:00 GMT, Bitcoin’s price entered a narrow volume fluctuation phase. The KDJ triple line still showed a sticky state and the market signal was not obvious. The negative effect of the regulatory policy retrenchment will continue in the currency market. Click to read more