Crypto Crash News Update (May 30): The value of the global cryptocurrency market has rebounded after witnessing another round of declines in recent days. At the time of writing, the cryptocurrency market cap was $1.25 trillion, up 4.43% from the last day, data from CoinMarketCap shows.
After a massive drop and feelings of extreme fear, the cryptocurrency market has been struggling to rally in recent weeks, stuck in the $1.20-$1.31 trillion range, with experts saying the recovery could be longer this time. turn.
Meanwhile, the price of Bitcoin (BTC) has once again hit above $30,000, up 4.27% in the last 24 hours.
Total cryptocurrency market volume in the last 24 hours increased by 4.74% to $53.47 billion. Total DeFi volume was $5.55 billion, which represents 10.37% of the total 24-hour volume of the cryptocurrency market. Stable coin volume was $45.25 billion, which represents 84.62% of the total 24-hour cryptocurrency market volume.
Bitcoin’s dominance as the top crypto asset is currently at 45.25%. The overall price of Bitcoin has increased by 0.04% in the last 7 days. At the time of writing, the price of Bitcoin was $30,102.
Don’t trust Luna 2.0?
“After experiencing 9 consecutive weeks of negative returns, most traders took a risky approach. While US and global equities rallied and ended the week posting their first weekly gain since late March, the same has not been seen in the cryptocurrency markets,” Darshan Bathija, CEO and co-founder of Vauld, told FE Online.
“Over the weekend, altcoins also underperformed. The new Terra blockchain was launched and the price of LUNA Classic and LUNA 2.0 tokens dropped. What is evident is that the cryptocurrency community is still visibly skeptical about the reliability of the project after the UST De-pegging disaster,” he added.
Top crypto prices
Several major cryptocurrency prices rose with Cardano, Solana, Polkadot and Avalanche all rallying further. Take a look:
Ethereum (ETH): The price of Ethereum has increased by 5.9% to $1,873 in the last 24 hours. In the last 7 days, the price of ETH has dropped by 7.42%. It is currently the second largest crypto asset in terms of market capitalization.
Binance (BNB): Binance Chain coin price has increased by 4.5% to $315 in the last 24 hours. In the last 7 days, the price of BNB has dropped by 0.64%. It is currently ranked as the fifth largest crypto asset in terms of market capitalization.
XRP: The price of the XRP coin has increased by 4.9% to $0.3998 in the last 24 hours. In the last 7 days, the price of XRP has decreased by 4.52%. It is currently ranked as the 6th largest crypto asset in terms of market capitalization.
Solana (SOL): Solana price has increased 9.17% to $46.37 in the last 24 hours. In the last 7 days, the price of SOL has decreased by 10.54%. It is currently ranked as the 9th largest crypto asset in terms of market capitalization.
Cardano (ADA): The price of Cardano token has increased by 11.41% to $0.5111 in the last 24 hours. In the last 7 days, the ADA price has decreased by 4.78%. It is currently ranked as the 8th largest crypto asset in terms of market capitalization.
The price of popular memecoin Dogecoin (DOGE) has increased by 5.41% in the last 24 hours. DOGE currently ranks 10th in terms of market capitalization. The DOGE price at the time of this report was $0.08487.
Meanwhile, Polkadot (DOT) prices are up 10.24% to $10.35, while Avalanche (AVAX) is up 14.21% to $25.55. Both DOT and AVAX are currently ranked 11th and 14th respectively on CoinMarketCap. The price of Polygon (Matic) has increased by 7.39% to $0.6206 in the last 24 hours. It is currently ranked 17th on CoinMarketCap.
(Crypto and other virtual digital assets are not regulated in India. They are considered extremely risky for investment. Consult your financial advisor before making any investment decision)