Cryptocurrency 2022,World market cap declined 2.08% to $1.26 trillion; Most of the top tokens have seen a decline in the last 24 hours.
With the market capitalization of Global Cryptocurrency 2022, the market fell back to $1.26 trillion a day after signs of recovery appeared. Over the past few days, the cryptocurrency market cap has been hovering in the $1.24 trillion range, indicating a struggle to overcome this barrier.
On Monday, the global cryptocurrency market cap reached $1.31 trillion, up 3.66% from the previous day. This is because the prices of several major cryptocurrencies also showed an upward trend. However, at the time of writing (7:30 AM on May 24), data from Coin Market Cap showed that Monday’s cryptocurrency revenue disappeared overnight.
In the past 24 hours, the global cryptocurrency market has grown by 37.22% to $84 billion. DeFi’s total trading volume is $9.62 billion, accounting for 11.46% of the total 24-hour cryptocurrency market volume. The trading volume of stablecoins is $73.7 billion, accounting for 87.74% of the total 24-hour trading volume of the cryptocurrency market.
Bitcoin price has fallen again below $30,000, down more than 3% in the last 24 hours. Meanwhile, the share of Bitcoin, the No. 1 cryptocurrency, fell 0.36% to 44.22% on the same day. Bitcoin’s overall price has fallen by 2.44% in the last 7 days. At the time of writing, the price of Bitcoin is $29,227.
“The cryptocurrency market struggled to stay green as sellers dominated the market early in the week. Tether withdrew $10 billion after entering the crypto market, indicating that crypto market investors have made a massive liquidation to rebalance their portfolios,” said BuyUcoin CEO Shivam Thakral.
Prices of Current Top Cryptocurrency 2022,
Ethereum (ETH): The price of Ethereum is down 2.17% in the last 24 hours, dropping back below the $2,000 level to $1,985. ETH price has fallen by 2.50% in the last 7 days. It is currently the second largest crypto asset in terms of market capitalization.
Binance (BNB): Binance Chain Coin price has risen 1.89% in the last 24 hours to $325. Over the past 7 days, the price of BNB has risen 8.26%. It is currently considered the fourth largest crypto asset in terms of market capitalization.
XRP: The price of the XRP coin is down 2.33% in the last 24 hours at $0.4106. In the past 7 days, the price of XRP has fallen by 4.38%. It is currently the 6th largest crypto asset by market cap.
Solana (SOL): The price of Solana has fallen by $4.66 in the last 24 hours to $49.71. In the past 7 days, the price of SOL has fallen 9.06%. It is currently the ninth-largest crypto asset in terms of market capitalization.
Dogecoin slipped by 1.94 per cent. It is currently the 10th largest crypto asset in Terms of market Capitalization.
The ADA token showed a 3.96 per cent downtrend. It is currently the 8th largest crypto asset in Terms of market Capitalization.
Meanwhile, Polkadot (DOT) and Avalanche (AVAX) prices were down 0.34% and 5.93% respectively over the past 24 hours. DOT and AVAX are currently ranked 11th and 13th on CoinMarketCap. Polygon (Matic) is down 3.27% in the last 24 hours at $0.6463. It is currently ranked #17 on CoinMarketCap.
In general, major tokens have declined from their positions in the last 24 hours.
In other news, the IMF said it was helping El Salvador collect Bitcoin adoption statistics. El Salvador was the first country to recognize Bitcoin as a fiat currency.
