{"id":61325,"date":"2022-05-12T09:57:26","date_gmt":"2022-05-12T06:57:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61325"},"modified":"2025-09-05T11:30:44","modified_gmt":"2025-09-05T08:30:44","slug":"bitcoin-price-slips-below-27000-ethereum-tests-1800","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-slips-below-27000-ethereum-tests-1800\/","title":{"rendered":"Bitcoin price slips below $27,000, Ethereum tests $1,800"},"content":{"rendered":"<p>On Thursday, May 12, Bitcoin prices fell below $27,000, and Ethereum tested the $1,800 level. In the 24 hours, the first asset fell 13.5%, the second lost more than 21% of its value, according to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/p>\n<p>At the time of writing, Bitcoin was trading near $27,500, Ethereum at $1,880.<\/p>\n<figure class=\"wp-block-gallery alignwide has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"489\" data-id=\"172802\" src=\"https:\/\/forklog.io\/wp-content\/uploads\/BTCUSDT_2022-05-12_09-29-34-1024x489.png\" alt=\"Bitcoin price fell below $27,000, Ethereum tested $1,800\" class=\"wp-image-172802\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-05-12_09-29-34-1024x489.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-05-12_09-29-34-300x143.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-05-12_09-29-34-768x366.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-05-12_09-29-34-1536x733.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2022-05-12_09-29-34.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly BTC\/USDT chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"457\" data-id=\"172803\" src=\"https:\/\/forklog.io\/wp-content\/uploads\/ETHUSDT_2022-05-12_09-29-45-1024x457.png\" alt=\"Bitcoin price fell below $27,000, Ethereum tested $1,800\" class=\"wp-image-172803\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2022-05-12_09-29-45-1024x457.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2022-05-12_09-29-45-300x134.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2022-05-12_09-29-45-768x343.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2022-05-12_09-29-45-1536x685.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2022-05-12_09-29-45.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly ETH\/USDT chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<\/figure>\n<p>The blue chips dragged the rest of the market \u2014 total market capitalisation fell 18% to $1.2 trillion. All top-10 assets by market cap were in the red. The worst performers were Solana (-34.4%), Cardano (-32.6%), and Dogecoin (-30.4%).<\/p>\n<p>Terra (LUNA) price over the 24 hours collapsed by almost 100%, to $0.26. The asset&#8217;s market cap fell to $721 million \u2014 last month the figure exceeded $30 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"522\" src=\"https:\/\/forklog.io\/wp-content\/uploads\/top-10-17-1024x522.png\" alt=\"Bitcoin price fell below $27,000, Ethereum tested $1,800\" class=\"wp-image-172804\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/top-10-17-1024x522.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/top-10-17-300x153.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/top-10-17-768x391.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/top-10-17.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>, the daily volume of liquidations on the futures market exceeded $1.23 billion. The largest single liquidation was recorded on BitMEX \u2014 a position worth $10 million was forcibly closed.<\/p>\n<p>On decentralized markets a similar picture emerges. According to OKLink, over the last 24 hours total liquidation volume on lending DeFi platforms reached $170.84 million \u2014 a record since May 2021. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"494\" src=\"https:\/\/forklog.io\/wp-content\/uploads\/defi-7-1024x494.png\" alt=\"Bitcoin price fell below $27,000, Ethereum tested $1,800\" class=\"wp-image-172805\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/defi-7-1024x494.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/defi-7-300x145.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/defi-7-768x371.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/defi-7.png 1198w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: OKLink.<\/figcaption><\/figure>\n<p>The Crypto Fear and Greed Index reached 12 points (&#8216;extreme fear&#8217;).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin Fear and Greed Index is 12 \u2014 Extreme Fear<br \/>Current price: $29,138 <a href=\"https:\/\/t.co\/C4idj1L1mW\">pic.twitter.com\/C4idj1L1mW<\/a><\/p>\n<p>\u2014 Bitcoin Fear and Greed Index (@BitcoinFear) <a href=\"https:\/\/twitter.com\/BitcoinFear\/status\/1524539896001708037?ref_src=twsrc%5Etfw\">May 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in May, the algorithmic stablecoin TerraUSD (UST) again lost its peg to the US dollar. The token used to mint it, LUNA, <a href=\"https:\/\/forklog.io\/tsena-luna-obrushilas-na-76-na-fone-prosadki-stejblkoina-ust\/\">collapsed<\/a> by 97% in 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, May 12, Bitcoin fell below $27,000, and Ethereum tested $1,800. In 24 hours, Bitcoin was down 13.5%, Ethereum down more than 21%.<\/p>\n","protected":false},"author":1,"featured_media":61326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,46],"class_list":["post-61325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=61325"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61325\/revisions"}],"predecessor-version":[{"id":61327,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61325\/revisions\/61327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/61326"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=61325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=61325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=61325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}