Crypto Market Crash News Today (May 21): Global crypto market capitalization has fallen again below 1.25 trillion in the past 24 hours, after hitting 1.28 trillion the previous day. At the time of writing, the cryptocurrency’s market cap was $1.24 trillion, according to data from CoinMarketCap. The price of bitcoin also fell back below $30,000, reaching $29,195 at the time of writing.
The volume of the global cryptocurrency market has fallen 10.35% in the past 24 hours to $73.76 billion. Total DeFi volume was $7.03 billion, or 9.54% of total 24-hour crypto market volume. The stablecoin volume was $65.08 billion, or 88.22% of the total 24-hour crypto market volume.
Bitcoin price is down 3.26% in the past 24 hours. Meanwhile, Bitcoin’s dominance as the main crypto asset fell 0.18% to 44.64% during the day. The total price of Bitcoin has fallen by 1.09% in the past 7 days.
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Meanwhile, many of the top crypto prices have also fallen in the past 24 hours. Look:
Ethereum (ETH): Ethereum price fell 2.85% as it dropped below $2,000 again to $1,963 in the past 24 hours. In the past 7 days, the price of ETH has fallen 4.07%. It is currently ranked as the second crypto asset by market cap.
Binance (BNB): The price of Binance coins has fallen 1.69% in the last 24 hours to $302. In the last 7 days, the price of BNB has increased by 3%. It is currently ranked as the fifth largest crypto asset by market capitalization.
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XRP: The price of XRP coin is down 4.41% in the past 24 hours to $0.4113. In the past 7 days, the price of XRP has fallen 5.32%. It currently ranks 6th among crypto assets by market cap.
Solana (SOL): Solana price is down 3.41% to $49.84 in the last 24 hours. In the past 7 days, the price of SOL has fallen by 3.6%. It currently ranks 9th among crypto assets by market cap.
Cardano (ADA): The price of the Cardano token has fallen 1.95% in the past 24 hours to $0.5197. In the past 7 days, ADA’s price has fallen 4.41%. It currently ranks 8th among crypto assets by market capitalization.
Popular memecoin price Dogecoin (DOGE) is down 2.75% 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 $0.08419.
Meanwhile, the prices of Polkadot (DOT) and Avalanche (AVAX) are down 2.3% and 1.92% respectively in the past 24 hours. DOT and AVAX are currently ranked 11th and 13th on CoinMarketCap. The price of Polygon (Matic) is down 2.22% to 0.6413 in the last 24 hours. 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)