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The global Bitcoin ATM count declines, potentially denting Bitcoin’s value. The number of active Bitcoin ATMs worldwide has fallen, potentially impacting Bitcoin’s price negatively. The United States and Canada dominate the market, with the U.S. operating over 30,000 machines and Canada about 3,000 machines.
CRYPTO BREAKING NEWS
— InnovatekMobile (@Neome_com) May 22, 2024
Global Bitcoin ATM Numbers Decline for the First Time Since July 2023. For the first time since July 2023, the number of active Bitcoin ATMs worldwide has… check us out @ https://t.co/8dh137aX4R pic.twitter.com/heOBvGE4mp
Despite significant contributions from various countries in 2024 to recover the 38,000 ATMs lost in January 2023, over 300 ATMs went offline this month, ending a 10-month growth streak. The U.S. market saw a reduction of 302 ATMs, and Canada 28. The new installations in other countries have also caused a reduction to less than 300 units.
Key Bitcoin Levels To Watch – May 22
BTCUSD has bounced off a diagonal resistance. This is likely to cause a massive decline for a significant period.
As indicated by the Stochastic Oscillator, the market is now in an overbought state. The ongoing crash is likely to continue until the bullish order block at the demand zone of $50577.00 is reached.
BTCUSD Key Levels
Resistance Levels: $71980.00, $73836.00, $80000.00
Support Levels: $54490, $50577.00, $43873.00
Bitcoin Metrics
Total Market Capitalization: $2.59T
Bitcoin Market Capitalization: $1.38T
Bitcoin Volume: $36.28B
Market Rank: #1
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