Markets Recovers, Yet a PullBack quiet Possible as Bears Maintain Their Dominance
Bitcoin & Ethereum yet again trade above $30,000 & $2000, yet the probabilities of a rejection are pretty high. Despite s decent trading volume, yet the asset remains less volatile and seems to consolidate for some more time. Therefore, the top crypto carries the probability of plunging below these levels in a couple of hours.
Stablecoins maintain their peg as the market remains uncertain of the next move. Kyber Network (KNC) leads the gainers lists with a jump of 26.36%, followed by Cosmos (ATOM) and Aave(AAVE) by 10.85% and 9.41%. On the other hand, the top losers include Curve DAO token (CRV) with a drop of 11.79% and TerraUSD (UST) by 9.89%.
Retail Investors buy Bitcoin Dip as 40,0000 $BTC move to exchanges
Investors are making the most of the recent market downtrend by buying the OG crypto ‘Bitcoin’ as it hits a low of $ 30,000 mark. Amidst the Terra Luna crash, El Salvador added another $ 500 million BTC to its treasury and Tron DAO followed in their footsteps.
Source: CryptoGlobe
CRYPTO PRICES TODAY
| Price Trend | Price for May 16, 2022 | Percentage change |
| The global crypto market cap | $1,278,184,605,268 | – |
| The total crypto market volume | $82,339,774,712 | – |
| Bitcoin Price | $30,085.47 | +3.45% |
| Ethereum Price | $2,017.85 | +3.57% |
*All prices are latest by 11:00, 20 May 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
Additional Read: Terra LUNA Crypto Crash Explained
TOP GAINERS AND LOSERS TODAY
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Khyber Network (KNC) | INR 212.58 | +24.15% |
| Phoenix Global (PHB) | INR 10.81 | +23.52% |
| Ox (ZRX) | INR 36.62 | +21.61% |
*All prices are latest by 11:00, 20 May 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| Curve (CRV) | INR 89.79 | -10.42% |
| XDC Network (XDC) | INR 3.82 | -5.59% |
| USD Coin (USDC) | INR 81.68 | -0.49% |
*All prices are latest by 10:00, 20 May 2022.
Crypto Market Buzz
Crypto News Global
Swiss watch brand Tag Heuer starts accepting crypto for online purchases
Tag Heuer announced crypto payments for watch purchases on their USA franchise website. On 19th May, Tag Heuer announced crypto payments in BTC, Ether, Dogecoin and five established stablecoins pegged against the dollar. Buyers will not have a minimum amount on crypto payments but will have a maximum limit of 10,000 $ per transaction.
Source: FinBold
K Drama watchers rejoice as Sweet Home producer is all set to build a movie in the metaverse
‘SandBox’ – a leading metaverse platform partners up with Studio Dragon – a Korean Drama production house that aired its most successful series ‘Sweet Home’ on Netflix. Studio Dragon will mint it’s gamified NFTs on SandBox. Studio Dragon has already launched a number of NFTs featuring its TV series Vincenzo and Hotel del Luna.
Source: Forkast News
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| KAVA Price | $483,695,503 | 194,360,250.00 KAVA |
| STEPN GMT Price | $870,071,916 | 600,000,000 GMT |
| STORJ Price | $215,684,533 | 390,247,075.35 STORJ |
| JASMY Price | $58,115,824 | 4,754,930,780 JASMY |
*All prices are latest by 11:00, 20 May 2022.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
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