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Crypto News Today: Bitcoin Price Back Above Crucial Resistance, while LUNA, ANC, UST Recover Drastically

Crypto News Today

In today’s crypto news today, Bitcoin Price emerged to be a bullish one as the price regained their position above INR 23 lakhs surging by 2.5% and the Ethereum price above INR 1.5 lakhs with a jump of 2.6%. Interestingly, Terra (LUNA) prices underwent a monster rally in the early trading hours by surging by 65.44% to stand at INR 0.016 and the UST despite a 27%, still hovering around INR 5. 

One of the Terra popular projects, Anchor Protocol, leapt extremely hard by more than 127% and was priced above INR 16 at the press time. Conversely, the top losers for the day include, Kyber Network(KNC) with a drop of 4.32%, XDC Network (XDC) by 2.20% and Kusama (KSM) by 2.19%. 

CRYPTO PRICES TODAY 

Price Trend  Price for May 16, 2022  Percentage change 
The global crypto market cap  $1,289,379,400,414
The total crypto market volume $63,182,625,052
Bitcoin Price $30,165.56 +2.68%
Ethereum Price $2,029.68 +2.93%

*All prices are latest by 11:00, 23 May 2022.

Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.

TOP GAINERS AND LOSERS TODAY

TOP 3 CRYPTO GAINERS  

Crypto Price* Percentage Change
NEO (NEO) INR 981.20 +15.83%
SuperFarm (SUPER) INR 18.91 +14.10%
COTI (COTI) INR 9.80 +10.11%

*All prices are latest by 11:00, 23 May 2022.

TOP 3 CRYPTO LOSERS 

Crypto Price* Percentage Change
Kyber Network (KNC) INR 196.13 -6.12%
dYdX (DYDX) INR 174.72 -2.90%
Chromia (CHR) INR 18.17 –0.72%

*All prices are latest by 11:00, 16 May 2022.

Top Crypto News Today

Everything you need to know about Avalanche hosting a Novel NFT Marketplace Artcrypted 

Artcrypted – an NFT marketplace chose Avalanche to launch its collectibles for its unique and reliable technology. These collectibles will be the first ones to be seen in digital art form; which means any of the items have never been made physically or digitally. This makes the NFT all the more rare and unique. AVAX is far from the L1s and L2s as it offers builders to create their own blockchain on the platform called ‘Subnets’. Artcrypted will focus on LATAM region to encourage artists to bring their art on the open web. 

Source: U.Today

Top Web3 News Global

Crypto Hedge Fund CEO Su Zhu Lists Three Potential Catalysts for Next Bitcoin (BTC) Rally

Amidst the low market sentiment, Su Zhu, CEO, Crypto Hedge Fund Three Rows Capital has identified three major indications that can be points of return for the golden crypto ‘BTC’. According to Zhu, Bitcoin has seen 7 red weeks that’s never been seen in the history of the novel coin. Second, during the collapse of Terra Luna the trading volume has shot off the roof which may cause a change in trend. To add to above indications, the executive of the hedge fund also observed that the equities were slipping away by 4.1% while Bitcoin was up by 1%.

Source: Daily Hodl 

Top Crypto News Global

Tether’s history of maintaining its position as a stablecoin 

Amidst the news of Terra Luna crash other stablecoins are at the receiving end. Stablecoins are pegged 1:1 against the dollar. Tether (USDT) also saw a decline as it lost to its peg by $0.95. Tether submitted its financials in the ‘consolidated reserves report’. The group’s total assets amount to $82.4 billion out of which 86% are in cash and cash equivalents. Tether’s Chief Technical Officer Paolo Ardoino, commented that Tether has been able to survive Black Swans and high volatile market conditions. 

Source: AmbCrypto 

NEW COIN LISTING ON COINDCX 

New Coin Market Capitalization Circulating Supply
KAVA Price $540,475,873 192,328,959 KAVA
KLAY Price $1,411,812,413 2.84B KLAY
STORJ Price $231,139,071 78,532,276 STORJ
JASMY Price $63,260,304 4,754,930,780 JASMY

*All prices are latest by 11:30, 22 May 2022.

Additional Read: KAVA Price Prediction: Will KAVA Price Reach INR 1000 by July

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