BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

U.S. stocks surged on May 25-26, but Bitcoin (bitcoin) and altcoins did not follow a similar trajectory. This shows that traders are not confident that the cryptocurrency market has bottomed.

On-chain analytics firm Glassnode said, The number of Bitcoin whales has been decreasing On May 27, the indicator fell to its lowest level since July 2020.

On May 24, Bill Miller, Founder and Chief Investment Officer, Miller Value Partners Support bitcoin investment And called it an “insurance policy against financial catastrophe.”

Daily cryptocurrency market performance. resource: Coin 360

Bitcoin’s drop looks like capitulation, JPMorgan said in a note to clients on May 25. Bitcoin and crypto markets are expected to reboundAnalysts at the bank believe that Bitcoin’s fair value is $38,000, which is about 30% higher than current levels.

Can Bitcoin follow the U.S. stock market higher, or will it decouple and continue to hover at lower levels? Let’s study the chart of the top 10 cryptocurrencies to find out.