The bloodbath in the cryptocurrency market continued Monday, with Shiba Inu and Dogecoin losing 30 per cent and 25 per cent. Bitcoin and Ethereum traded almost 9 percent and 15 percent cheaper, respectively.
The global crypto market has lost approximately $ 830 billion in market capitalization in six weeks. The global crypto market capitalization was down 12.91 percent from $ 2.07 trillion on April 2, 2022, to $ 1.24 trillion at 8.50 on Thursday. However, global crypto volume rose 39.34 percent to $ 218.06 billion, according to Coinmarketcap data.
Cryptocurrency price
Bitcoin (BTC), the world’s oldest cryptocurrency, traded at $ 28,881.96, down 8.93 percent in the last 24 hours. Ethereum (ETH) fell 14.59 percent to $ 2,052.45.
“Bitcoin fell below the $ 30,000 support level for some time, after the fall of terraUSD (UST), the USS dollar pegged to stablecoin. With the fall of the well -known stablecoin and the majority of institutional crypto investors losing money, the market is in a Bitcoin, major altcoins others witnessed trading in a deep red.The market leader showed oversold levels, the upside seems limited.A brief price rally may take place, but a strong break is not expected, said Gaurav Dahake, CEO and founder, Bitbns.
Among other major coins, Cardano (ADA) was down 23.39 percent at $ 0.4863, Algorand (ALGO) traded with a loss of 27.04 percent at $ 0.4339, Binance Coin (BNB) was down 18.42 percent at $ 262.59, Solana (SOL) traded with a 29.6 percent loss at $ 47.91, and Polkadot (DOT) was down 25.57 percent at $ 8.53.
The highest profit today was Metacyber (METAC), which rose 329.24 percent to $ 0.00000008982. The highest loser was Terra (LUNA), which was down 96.42 percent at $ 0.5104.
#OutlookCrypto | #Cryptocurrency the market lost approximately $ 830 billion of value in 6 weeks.
More on #MemeCoin & #DeFi prices along with daily #cryptoupdate here@CoinMarketCap#cryptocurrency#kriptotrading#CryptoNewshttps://t.co/fdzcgbU3AH pic.twitter.com/nWojtvrnFF
– Outlook Business & Money (@outlookbusiness) 12 May 2022
Price Meme Coin and DeFi
Dogecoin (DOGE) fell 25.9 percent to $ 0.08175. The volume to market capitalization ratio is 0.247. Rival Shiba Inu (SHIB) fell 29.56 percent to $ 0.00001147.
Dogelon Mars (ELON) lost 32.66 percent to trade at $ 0.0000004676, Floki Inu (FLOKI) lost 31.64 percent to $ 0.000007476, and Samoyed Coin (SAMO) was down by 26.74 cents at $ 0, 007114.
On the DeFi segment, YFI (yearn.finance) was down 20.44 percent at $ 11,005.11. Earth (MOON) traded with a loss of 96.42 percent at $ 0.5104, Avalanche (AVAX) lost 33.47 percent at $ 29.66, Uniswap (UNI) was down 22.43 percent to trade at $ 4.77, and Aave (AAVE) trading with a 26.79 percent loss at $ 77.83.
14/ Terra’s focus has always been on the long term, and another setback this May, the same as last year, won’t stop #LUNAtics. Short -term stumbling does not determine what can be done.
The way you respond is important.
– Do Kwon 🌕 (@stablekwon) 11 May 2022
The latest update
Indian cricket team captain Rohit Sharma will launch his first personal non-fungible token (NFT) artwork on the FanCraze Cricket Metaverse Platform. This NFT will display Rhino artwork along with its own drawings and will also have a signature.
Sharma partnered with Animal Planet in 2015 to launch the ‘Rohit4Rhinos’ Campaign; with this new NFT, which hopes to spread awareness of the same thing. “It’s special for me to take a cause close to my heart into a new medium to raise awareness. We all have to work to leave a better world behind, and NFT with FanCraze will give fans the opportunity to have unique artwork and spread the word about the #Rohit4Rhinos campaign. , ”he said in a statement.
In other news, AMC Theaters, a global theater chain, saw a variety of cryptocurrencies account for 35 percent of total online payments in Q1 2022. AMC Theaters allows people to pay for selected purchases in cryptocurrencies like Bitcoin, Dogecoin, Shiba Inu, Ethereum, Litecoin (LTC ) and Bitcoin Cash (BCH). Click here to read more about it.
