Price analysis 5/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Price analysis 5/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB – Mail Bonus

US stock markets rose sharply on May 25 and 26, but Bitcoin (BTC) and altcoins have not followed a similar path. This suggests that traders are not sure that cryptocurrencies have yet to bottom out.

On-chain analytics firm Glassnode said the number of Bitcoin whales was declining and on May 27, the measurement fell to its lowest level since July 2020.

On May 24, Miller Value Partners founder and chief investment officer Bill Miller backed Bitcoin investment, calling it a “financial disaster insurance policy.”

Daily performance of the cryptocurrency market. Source: Coin 360

Commenting to its clients on May 25, JPMorgan said that the collapse of Bitcoin looks like capitulation and that they anticipate that Bitcoin and cryptocurrencies will rise. The bank’s analysts estimate that the fair value of Bitcoin is 38,000 US dollars, which is about 30% higher than now.

Could Bitcoin follow US stock markets higher or will it disconnect and continue to die at a lower level? Let’s look at the charts of the top 10 cryptocurrencies to find out.