Top Cryptocurrencies in World Prices Today in India (May 20, 2022): The global crypto market capitalization has recovered 2.87% in the last 24 hours. At the time of writing, the global crypto market capitalization was $1.28 trillion, according to data from CoinMarketCap. Bitcoin price also broke through the $30,000 barrier, reaching $30,161 at the time of writing.
The volume of the global cryptocurrency market in the past 24 hours decreased by 0.46% to $82 billion. Total DeFi volume was $7.42 billion, or 9.04% of the total 24-hour crypto market volume. The stablecoin volume was $72.98 billion, or 88.94% of the total 24-hour crypto market volume.
The price of Bitcoin has increased by 3.31% in the past 24 hours. Meanwhile, Bitcoin’s dominance as the leading crypto asset increased by 0.14% to 44.83% during the day. The overall price of Bitcoin has decreased by 1.4% over the past 7 days.
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What’s Happening to Bitcoin Amid the Global Crypto Market Crash?
Bitcoin price prediction: One of the reasons why the BTC market may soon rebound from the $30,000 level
No quick recovery
Even though Bitcoin and several other top altcoins have recovered some of their lost price over the past day, experts are of the view that a rapid recovery in the crypto markets is not happening anytime soon.
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“Bitcoin, Ethereum and other altcoins were moving in tandem with the equity market. Bearish sentiment on Wall Street spilled over to crypto markets as well. Just a day after US Federal Reserve Chairman Jerome Powell, said the 50 basis point rate hikes would continue to keep inflation in check, markets reacted with a risk-free approach,” Darshan Bathija, CEO and co-founder of Vauld, told FE Online.
“A rapid recovery in the crypto market would be unlikely unless macro conditions improve,” he added.
Best Crypto Prices
Meanwhile, many of the top crypto prices have risen over the past 24 hours. Looked:
Ethereum (ETH): Ethereum price rose 3.44% to $2,021 in the past 24 hours. In the past 7 days, the price of ETH has decreased by 2.98%. It is currently ranked the second crypto asset by market capitalization.
Binance (BNB): The Binance coin price rose 4.39% to $308 in the past 24 hours. Over the past 7 days, the price of BNB has increased by 0.85%. It is currently ranked the fifth largest crypto asset by market capitalization.
XRP: The price of the XRP coin has decreased by 6.01% to $0.435 in the last 24 hours. In the past 7 days, the price of XRP has decreased by 2.02%. It is currently ranked 6th among crypto assets by market capitalization.
Solana (SOL): Solana price increased by 1.53% to $51.72 in the last 24 hours. In the past 7 days, the price of SOL has increased by 2.98%. It is currently ranked 9th among crypto assets by market capitalization.
Cardano (ADA): The price of the Cardano token rose 2.36% to $0.5331 in the past 24 hours. Over the past 7 days, the price of ADA has decreased by 1.82%. It is currently ranked 8th among crypto assets by market capitalization.
Popular memecoin price Dogecoin (DOGE) has fallen 2.59% in the past 24 hours. DOGE is currently ranked 10th in terms of market capitalization. The price of DOGE at the time of this report was $0.0869.
Meanwhile, the prices of Polkadot (DOT) and Avalanche (AVAX) are up 2.71% and 0.35% respectively in the past 24 hours. DOT and AVAX are currently ranked 11th and 13th on CoinMarketCap. The price of Polygon (Matic) has increased by 2.53% to reach 0.6535 in the last 24 hours. It is currently ranked 17th on CoinMarketCap.
(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)