Cryptocurrency prices in India today (May 18, 2022): Global crypto market cap rose 2.73 percent to $ 1.31 trillion on Monday (8.35 am), according to CoinMarketCap data. Some of the top cryptocurrencies showed signs of recovery while the global cryptocurrency market volume fell 9.52% to $ 78.40 billion in the last 24 hours. DeFi had a total volume of $ 10.33 billion, which is 13.18% of the total crypto market 24-hour volume. The amount of stable coins was $ 69 billion, which is 88% of the total crypto market 24-hour volume.
Bitcoin has surpassed দাম 30,000, rising 2.06 percent to $ 30,302 in the last 24 hours. It has fallen below $ 30,000 this week amid a global crypto market crash.
The dominance of Bitcoin as the top crypto asset continues at around 44.35% with a slight decline of 0.26 percent per day. Overall bitcoin prices have dropped 10.16% in the last 7 days.
What happened last week?
Darshan Bathija, co-founder and CEO of Vald, said that in the previous week, major US indices had declined, recording their sixth week of losses. Although BTC dropped to near 26 26,000 last week, the last time it was seen in December 2020, it registered a light weekend recovery to trade above $ 31,000. ETH also posted a slight recovery, as it reached a level above $ 2100.
$ 200 billion has been deleted
In the previous week, due to UST de-pegging, the price of LUNA has dropped by as much as 13 cents. As a result, about $ 200 billion in crypto market capitalization has been wiped out in just two days due to bearish sentiment, according to Bathija.
Even after the price of BTC dropped below $ 30,000 last week, all eyes were on the companies that added BTC to their balance sheets. “Microstrategy and Tesla and other companies bought BTC last year; As prices fall, their bets on BTC fall below the company’s average purchase price. These companies were posting unrealistic losses. Companies were not the only entities with BTC losses on paper; El Salvador has also suffered losses in its BTC betting, “said Bathija.
Top crypto prices
Meanwhile, some top crypto prices have recovered up to 14 percent in the last 24 hours. Let’s see:
Ethereum (ETH): In the last 24 hours, the price of Etherium has risen 2.72% to $ 2074. In the last 7 days, ETH price has decreased by 15.84%. It is currently the second largest crypto asset in terms of market capitalization.
Binance (BNB): Binance Coin has risen 5.08% to $ 302 in the last 24 hours. In the last 7 days, the price of BNB has decreased by 13.6%. It is currently the fifth largest crypto asset in terms of market capitalization.
XRP: The XRP coin has risen 4.19% to 43 0.4383 in the last 24 hours In the last 7 days, XRP price has decreased by 21.94%. It is currently ranked as the 6th largest crypto asset in terms of market capitalization.
Solana (SOL): The price of Solana has risen 11.46% to $ 56.07 in the last 24 hours. In the last 7 days, SOL price has decreased by 25.27%. It is currently ranked as the 8th largest crypto asset in terms of market capitalization.
Cardano (ADA): The Cardano token has risen 12.56% to $ 0.5872 in the last 24 hours. In the last 7 days, ADA price has decreased by 18.40%. It is currently the 7th largest crypto asset in terms of market capitalization.
Popular memecoin Dogecoin (DOGE) prices have risen 2.07% in the last 24 hours. DOGE is currently in tenth place in terms of market capitalization The DOGE was valued at $ 0.08974 at the time of this report.
Polkadot (DOT) and Avalanche (AVAX), meanwhile, rose 3.5 and 6.52 percent, respectively, in the last 24 hours. DOT and AVAX are currently ranked 11th and 12th 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.)