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Crypto Market Crash Update: BTC & ETH Trade Above $30K & $2K, Retail Investors buy Bitcoin Dip

Crypto Market Crash

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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