Crypto Crash Update (May 18): Bitcoin, Solana, Ethereum, Cardano, DOGE, DOT crash up to 9 percent!
Top Cryptocurrencies in the World Today in India (May 20, 2022): The global crypto market cap has recovered 2.87% in the last 24 hours. At the time of writing, the global crypto market cap was $ 1.28 trillion, according to CoinMarketCap. The price of Bitcoin has crossed the $ 30,000 barrier, reaching $ 30,161 at the time of writing.
The global cryptocurrency market has shrunk 0.46% to $ 82 billion in the last 24 hours. DeFi had a total volume of $ 7.42 billion, or 9.04% of the total crypto market 24-hour volume. The value of stable coins was $ 72.98 billion, which is 88.94% of the total crypto market 24-hour volume.
Bitcoin has risen 3.31 percent in the last 24 hours. Meanwhile, the dominance of Bitcoin as the top crypto asset rose 0.14% to 44.83% on the day. Overall Bitcoin prices have fallen 1.4% in the last 7 days.
Crypto Crash Update: Bitcoin, Ethereum, Solana, ADA, BNB to DOGE, MATIC – Top cryptocurrencies lose up to 12%
What is happening to Bitcoin in the wake of the global crypto market crash?
Bitcoin Price Forecast: One Reason Why BTC Markets May Return From 30,000 Levels Soon
There is no quick recovery
Even though Bitcoin and other top Altcoins have recovered some of their lost value over the past day, experts believe that a quick recovery in the crypto market will not happen anytime soon.
Also read | How to keep your crypto secure even if the exchange goes bankrupt
“Bitcoin, Ethereum and other altcoin equities were keeping pace with the market. Bearish sentiment on Wall Street has also fallen in the crypto market. Markets responded with a risk-free approach just days after US Federal Reserve Chairman Jerome Powell commented on how inflation controls would continue to rise to 50-basis points, “said Vault CEO and co-founder Darshan Bathija FE Online.
“A rapid crypto market recovery would be impossible if macroeconomic conditions do not improve,” he added.
Top crypto prices
Meanwhile, many top crypto prices have risen in the last 24 hours. Let’s see:
Etherium (ETH): In the last 24 hours, the price of Etherium has risen 3.44% to 21 2021. In the last 7 days, ETH price has decreased by 2.98%. It is currently the second largest cryptocurrency market in terms of market capitalization.
Binance (BNB): Binance coin has risen 4.39% to $ 308 in the last 24 hours. BNB price has increased by 0.75% in last 7 days. It is currently the fifth largest crypto asset in terms of market capitalization.
XRP: The price of XRP coins has decreased by 6.01% in the last 24 hours to $ 0.435 In the last 7 days, XRP price has decreased by 2.02%. It is currently ranked as the 6th largest crypto asset in terms of market capitalization.
Solana (SOL): The price of Solana has risen 1.53% to $ 51.72 in the last 24 hours. In the last 7 days, SOL price has increased by 2.98%. It is currently the 9th largest crypto asset in terms of market capitalization.
Cardano (ADA): Cardano token price rose 2.36% to 33 0.5331 in last 24 hours. In the last 7 days, ADA price has decreased by 1.82%. It is currently ranked as the 8th largest crypto asset in terms of market capitalization.
The price of the popular memecoin Dogecoin (DOGE) has dropped by 2.59% in the last 24 hours DOGE is currently in tenth place in terms of market capitalization DOGE was priced at $ 0.0869 at the time of this report
Polkadot (DOT) and Avalanche (AVAX), meanwhile, rose 2.71 and 0.35 percent, respectively, in the last 24 hours. DOT and AVAX are currently ranked 11th and 13th in CoinMarketCap. Polygon (matic) price has risen 2.53% in the last 24 hours to 0.6535. It is currently ranked 17th in CoinMarketCap
(Cryptos and other virtual digital assets are unregulated in India. They are considered highly risky to invest in. Please consult your financial advisor before making any investment decision.)