Market·1 min read
Bitcoin Dips at $78,230 — Evening Market Wrap May 16
Bitcoin trades at $78,230 (-1.2%) while Ethereum sits at $2,180. Fear & Greed Index at 31 (Fear).
Market Overview
The crypto market heads into evening trading on May 16, 2026 with Bitcoin dipping.
Price Action
| Asset | Price | 24h Change |
|---|---|---|
| Bitcoin (BTC) | $78,230.00 | -1.17% |
| Ethereum (ETH) | $2,180.14 | -1.94% |
Market Sentiment
The Fear & Greed Index reads 31 (Fear), reflecting cautious sentiment among participants.
Bitcoin's RSI currently sits at 35.5, placing it in neutral range. This suggests the market has room to move in either direction.
Trending Coins
The most searched cryptocurrencies in the last 24 hours according to CoinGecko:
| # | Coin | Rank |
|---|---|---|
| 1 | BTC (Bitcoin) | #1 |
| 2 | FIRO (Firo) | #918 |
| 3 | VVV (Venice Token) | #89 |
| 4 | PENGU (Pudgy Penguins) | #99 |
| 5 | SUI (Sui) | #27 |
What to Watch
The market is consolidating — a breakout in either direction could define the next trend.
Data sourced from CoinGecko and on-chain metrics. Updated May 16, 2026 at 20:03 UTC.
Tags
bitcoinethereummarketsentiment