Cryptocurrency Price Today In India, May 20: After Crypto Crash, Bitcoin, ETH, SOL, ADA, DOGE, DOT, MATIC Rise Up To 6%

Top cryptocurrencies in world prices today in India (May 20, 2022): Global crypto market capitalization has recovered by 2.87% in the last 24 hours. At the time of writing, the global crypto market cap was $1.28 trillion, according to data from CoinMarketCap. Bitcoin price also broke through the $30,000 barrier and reached $30,161 at the time of writing.

The volume of the global cryptocurrency market has fallen 0.46% to $82 billion in the past 24 hours. Total DeFi volume was $7.42 billion, or 9.04% of total 24-hour crypto market volume. The stablecoin volume was $72.98 billion, or 88.94% of the total 24-hour crypto market volume.

Bitcoin’s price is up 3.31% in the past 24 hours. Meanwhile, Bitcoin’s dominance as the top crypto asset rose 0.14% to 44.83% over the course of the day. The total price of Bitcoin has fallen by 1.4% in the past 7 days.

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No quick recovery

While Bitcoin and several other top altcoins have regained some of their lost price in the past day, experts believe that a rapid recovery in the crypto markets will not happen anytime soon.

ALSO READ | How to keep your cryptos safe even if the exchange goes bankrupt?

“Bitcoin, Ethereum and other altcoins moved with the stock market. Bearish sentiment on Wall Street has also spilled over into crypto markets. Just a day after US Federal Reserve Chairman Jerome Powell said rate hikes of 50 basis points would keep inflation in check, markets responded with a risk-free approach,” he told FE Online Darshan Bathija, CEO and co-founder from Vauld. †

“A rapid recovery in the crypto market would be unlikely unless macro conditions improve,” he added.

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Meanwhile, many of the top crypto prices have risen in the past 24 hours. Look:

Ethereum (ETH): Ethereum price rose 3.44% to $2,021 in the last 24 hours. In the past 7 days, the price of ETH has fallen 2.98%. It is currently ranked as the second crypto asset by market cap.

Binance (BNB): The price of Binance coin has increased by 4.39% to $308 in the last 24 hours. In the last 7 days, the price of BNB has increased by 0.85%. It is currently ranked as the fifth largest crypto asset by market capitalization.

XRP: The price of the XRP coin is down 6.01% in the past 24 hours to $0.435. In the past 7 days, the price of XRP has fallen 2.02%. It currently ranks 6th among crypto assets by market cap.

Solana (SOL): Solana price is up 1.53% in the past 24 hours to $51.72. In the past 7 days, the price of SOL is up 2.98%. It currently ranks 9th among crypto assets by market cap.

Cardano (ADA): The price of the Cardano token is up 2.36% in the past 24 hours to $0.5331. In the past 7 days, the price of ADA has fallen by 1.82%. It currently ranks 8th among crypto assets by market capitalization.

Popular memecoin price Dogecoin (DOGE) is down 2.59% in the last 24 hours. DOGE is currently in 10th place 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) is up 2.53% in the past 24 hours to 0.6535. It currently ranks 17th on CoinMarketCap.

(Cryptos and other virtual digital assets are not regulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)

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