Baku: On May 29, the price of Bitcoin experienced a decline on cryptocurrency exchanges, APA-Economics reports. The world’s most expensive cryptocurrency saw a decrease of 1.30% on the CoinMarketCap platform at 09:55 Baku time, settling at 107,662 US dollars.

According to Azeri-Press News Agency, Ethereum, another leading cryptocurrency, saw an increase in value. The price of Ethereum rose by 3.3%, reaching 2,728 US dollars. Meanwhile, other cryptocurrencies among the top five showed varied movements. XRP decreased by 0.98%, and BNB saw a slight decline of 0.09% over the last 24 hours.

Notably, Bitcoin’s highest price this year was recorded on May 22, when it exceeded 110,000 dollars, illustrating the volatility and dynamic nature of the cryptocurrency market.