Today's cryptocurrency prices in India (as of May 17, 2022): According to CoinMarketCap data from Monday, the global crypto market cap climbed by 2.73 percent to $1.31 trillion (8.35 am). While the global cryptocurrency market volume declined by 9.52 percent to $78.40 billion in the last 24 hours, several of the biggest cryptos have shown indications of recovery. The overall volume in DeFi was $10.33 billion, or 13.18 percent of the total 24-hour volume in the crypto market. The 24-hour volume of stable coins was $69 billion, accounting for 88 percent of the total crypto market volume.
The price of Bitcoin has surpassed $30,000, climbing 2.06% in the last 24 hours to $30,302. This week, it fell below $30,000 due to a global crypto market slump.
Bitcoin's supremacy as the most valuable crypto asset remains at roughly 44.35 percent, down 0.26 percent on the day. In the last seven days, the price of Bitcoin has dropped by 10.16 percent.
Top Cryptocurrency Prices :
In the meantime, some of the most popular cryptos have rebounded up to 14% in the last 24 hours. About more information below :
Ethereum (ETH): In the last 24 hours, the price of Ethereum has climbed by 2.72 percent to $2074. The price of ETH has dropped 15.84 percent in the last seven days. It is presently the second most valuable crypto asset by market capitalization.
Binance (BNB): In the previous 24 hours, the price of Binance currency climbed by 5.08 percent to $302. The price of BNB has dropped by 13.7 percent in the last week. In terms of market capitalization, it is now the fifth largest cryptocurrency.
XRP: In the previous 24 hours, the price of XRP coin has climbed by 4.19 percent to $0.4383. The price of XRP has dropped by 21.94 percent in the last seven days. It is presently the 6th most valuable crypto asset by market capitalization.
In the last 24 hours, the price of Solana (SOL) has climbed by 11.46 percent to $56.07. The price of SOL has dropped by 25.27 percent in the last week. In terms of market capitalization, it is now the eighth largest cryptocurrency.
Cardano (ADA): The price of the Cardano cryptocurrency surged by 12.56 percent to $0.5872. In the previous 24 hours. The price of ADA has dropped 18.40 percent in the last week. In terms of market capitalization, it is now the seventh largest cryptocurrency.
The price of Dogecoin (DOGE), a popular memecoin, has grown by 2.07% in the last 24 hours. In terms of market capitalization, DOGE is presently placed 10th. DOGE was trading at $0.08974 at the time of this publication.
Polkadot (DOT) and Avalanche (AVAX) prices have risen by 3.5 and 6.52 percent in the last 24 hours, respectively. On CoinMarketCap, DOT and AVAX are now rated 11th and 12th, respectively.
What happened the previous week?
According to Darshan Bathija, co-founder and CEO of Vauld, key US indexes fell last week, marking the sixth consecutive week of losses. BTC dipped to almost $26,000 last week, a low not seen since December 2020, but it recovered slightly over the weekend to trade above $31,000. ETH also made a slight comeback, climbing to levels above $2100.
According to Edul Patel, co-founder and CEO of Mudrex, Bitcoin began to recover over the weekend after a huge week-long drop. Following Thursday's counter-trend reversal signal, BTC began to rebounce.
"Despite the fact that BTC has lost over 9% in the last week, it has rebounded roughly 2% in the last 24 hours as buyers began to react to its oversold conditions. BTC's current support point is US$27,000, which could help to stabilise the market in the next days. "BTC could find early resistance at US$33,000," Patel added, despite the fact that current rise appears to be restricted.
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