(5/12, Wed) btc recovered in a day from the plunge on the previous day and closed 1.5% up

Yesterday(5/11 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $55913, its lowest as $54502, its highest as $56900, its closing as $56764. Bitcoin fell to near the bottom of the previous day after the start of Tuesday, and after hitting the bottom at 03:00, it climbed with four N-shaped rising patterns on the 15-minute chart, hitting the high at 20:30 and ending 1.5% up.

Bitcoin, which fell below 100MA on the 4-hour chart due to the Nasdaq plunge on the previous day, closed up above 100MA in one day, and above 50MA in the daily chart, indicating that the previous day's decline was temporary due to external factors. In the meantime, dominance fell to 44.2, Ethereum rose 15.3% from the previous day's low in one day, and YFI, a DeFi token, rose 36.7% in one day, demonstrating the altcoin circulation market.

In the financial market, the Dow index fell -1.4% yesterday following the collapse of the Nasdaq on the previous day, which is said to be caused by concerns that the economic recovery may be slowed down by a shortage of semiconductor supply and rising of commodities' prices. The Dow Index, which had been updating the new ATH almost every day so far, is judged to have plunged because it is time to undergo adjustments, but it seems that there is a need to watch more today.

As a news in the crypto market, One of the famous hedge fund manager, Druckenmiller said on CNBC’s interview that it’s “more likely than not” the U.S. dollar will lose its status as the global reserve currency within 15 years. As predicted by all cryptocurrency investors, he also said that an astronomical supply of dollars will continue to depreciate the dollar and ultimately lose its position in dollar assets in balance sheet of all countries over the world. I guess all investors in the financial and crypto market know this future, but they don't speak up yet since they just don't want this would happen in the near future.