Cryptocurrency price in India today, May 20: after the fall of cryptocurrency, Bitcoin, ETH, SOL, ADA, DOGE, DOT, MATIC increase by up to 6%

The Best Cryptocurrencies at World Prices Today in India (May 20, 2022): The capitalization of the global cryptographic market has recovered 2.87% in the last 24 hours. At the time of writing, the global cryptocurrency market capitalization is $ 1.28 billion, according to CoinMarketCap data. The price of Bitcoin also surpassed the $ 30,000 barrier, reaching $ 30,161 at the time of writing.

The volume of the global cryptocurrency market in the last 24 hours decreased by 0.46% to $ 82 billion. The total volume of DeFi was $ 7.42 billion, or 9.04% of the total volume of the 24-hour cryptographic market. The volume of stable currencies was $ 7.92 billion, or 88.94% of the total 24-hour cryptocurrency market volume.

The price of Bitcoin has risen 3.31% in the last 24 hours. Meanwhile, Bitcoin’s dominance as a leading cryptocurrency asset rose 0.14% to 44.83% during the day. The overall price of Bitcoin has fallen by 1.4% in the last 7 days.

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The bitcoin domain is growing

What is happening with Bitcoin in the midst of the collapse of the global cryptocurrency market?

Bitcoin price analysis and prediction

Bitcoin price prediction: one of the reasons why the BTC market may recover soon from the $ 30,000 level

No quick recovery

Although Bitcoin and several other major altcoins have recovered some of their lost price over the past day, experts believe that a quick recovery in the crypto markets is not necessary at any time.

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“Bitcoin, Ethereum and other altcoins were moving along with the stock market. The bearish sentiment on Wall Street has also spread to the crypto markets. Just a day after US Federal Reserve Chairman Jerome Powell to say that 50 basis point rate hikes would continue to keep inflation under control, markets reacted with a risk-free approach, “Darshan Bathija, CEO and co-founder of Vauld, told FE Online. .

“A rapid recovery of the cryptocurrency market would be unlikely if macro conditions do not improve,” he added.

Best cryptography prices

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Meanwhile, many of the best cryptocurrencies have risen in the last 24 hours. Consider:

Ethereum (ETH): The price of Ethereum rose 3.44% to $ 2,021 in the last 24 hours. In the last 7 days, the price of ETH has decreased by 2.98%. It is currently ranked as the second largest cryptocurrency by market capitalization.

Binance (BNB): The price of the Binance currency rose 4.39% to $ 308 in the last 24 hours. Over the last 7 days, the price of BNB has risen by 0.85%. It is currently ranked as the fifth largest cryptocurrency by market capitalization.

XRP: The price of the XRP currency has fallen 6.01% to $ 0.435 in the last 24 hours. Over the past 7 days, XRP’s price decreased by 2.02%. It currently ranks sixth among market capitalization cryptocurrency assets.

Solana (SOL): The price of Solana rose 1.53% to $ 51.72 in the last 24 hours. In the last 7 days, the price of SOL has risen by 2.98%. It currently ranks 9th among cryptographic assets by market capitalization.

Cardano (ADA): The price of the Cardano token rose 2.36% to $ 0.5331 in the last 24 hours. Over the last 7 days, the price of ADA has fallen by 1.82%. It currently ranks eighth among market capitalization cryptocurrency assets.

The popular price of memecoin Dogecoin (DOGE) has fallen 2.59% in the last 24 hours. DOGE currently ranks 10th in terms of market capitalization. The price of DOGE at the time of this report was $ 0.0869.

Meanwhile, Polkadot (DOT) and Avalanche (AVAX) prices have risen 2.71% and 0.35% respectively in the last 24 hours. DOT and AVAX currently rank 11th and 13th in CoinMarketCap. The price of the polygon (Matic) rose by 2.53% to 0.6535 in the last 24 hours. It currently ranks 17th in CoinMarketCap.

(Cryptos and other virtual digital assets are not regulated in India. They are described as extremely risky for investment. Consult your financial advisor before making any investment decision)

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