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Bitcoin
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$107,956.00 -0.89988
Bitcoin price
Ethereum
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$2,533.49 -0.7239
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BNB
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$659.49 -0.33561
BNB price
Solana
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$148.48 -2.27326
Solana price
XRP
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$2.27 -0.34255
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Shiba Inu
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Bonk
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dogwifhat
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$0.832793 -6.15087
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Popcat
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$0.282002 -8.95038
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Bitcoin
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$107,956.00 -0.89988
Bitcoin price
Ethereum
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$2,533.49 -0.7239
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BNB
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$659.49 -0.33561
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Solana
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$148.48 -2.27326
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XRP
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$2.27 -0.34255
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Shiba Inu
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Pepe
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Bonk
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dogwifhat
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Popcat
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$0.282002 -8.95038
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Bitcoin
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$107,956.00 -0.89988
Bitcoin price
Ethereum
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$2,533.49 -0.7239
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BNB
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$659.49 -0.33561
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Solana
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$148.48 -2.27326
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XRP
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$2.27 -0.34255
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Shiba Inu
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$0.0000115 -2.54265
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Pepe
Pepe (PEPE)
$0.0000098 -2.64414
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Bonk
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$0.0000222 -0.93976
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dogwifhat
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$0.832793 -6.15087
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Popcat
Popcat (POPCAT)
$0.282002 -8.95038
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Crypto community reacts to bitcoin’s drop below the $27k mark

Yana Khlebnikova
Edited by
News
Crypto community reacts to bitcoin’s drop below the $27k mark

The broader crypto markets have been tumbling over the past month, with a more profound fall in the first week of May. As the markets fell, bitcoin (BTC) started to drop from its local top of roughly $30,000 in the last week of April.

Bitcoin registered its deepest local price drop on May 12 — plunging to around $26,290 — as the global crypto market cap witnessed a $140 billion loss in just 24 hours.

Moreover, the largest cryptocurrency, BTC, is down by another 1% in the past 24 hours and trading at around $26,800 at the time of writing. Data shows that bitcoin’s trading volume rose 33% in the past 24 hours, reaching $9.8 billion.

Crypto community reacts to bitcoin’s drop below the $27k mark - 1
BTC price – May 22 | Source: Trading View

As the BTC price drops, the Twitter crypto community believes that the asset will stay above the $25,000 mark, according to a poll in a thread.

From 439 votes at the time of writing, roughly 30% expect a further price drop between $17,000 and $24,999. Per the thread, 14% think that bitcoin could fall below $10,000 — a claim some community members took as a joke.

A Twitter user says that people waiting for BTC to drop to the $10,000 mark “will be gravely disappointed.”

Some members have also celebrated the 13th Bitcoin Pizza Day despite the bearish news surrounding the digital gold.