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Cryptocurrency Price Update (5/31): BTC above $31,500 and ETH hit $2,000 Level

Cryptocurrency Price

Cryptocurrency Price Update (5/31): BTC above $31,500 and ETH hit $2,000 Level

The global crypto market cap has recovered after another round of losses in recent days. At the time of writing, the crypto market cap was $1.31 trillion, up 4.48 per cent from the previous day, according to CoinGabbar.

The crypto market has been unable to recover for several weeks following a catastrophic breakdown and widespread fear, remaining stuck in the $1.22-$1.32 trillion range, with analysts anticipating that bull run phase will take longer this time.

Meanwhile, the price of Bitcoin (BTC) has risen 0.5 per cent in the last 24 hours, tearing all its resistance and closes it above $31,500.

Over the last 24 hours, the entire cryptocurrency market volume climbed by 7.5 per cent to $91.53 billion. The overall volume in DeFi was $8.25 billion, or 9.01 per cent of the total 24-hour volume in the crypto market. The 24-hour volume of stable coins was $70.84 billion, accounting for 77.39 per cent of the total crypto market volume.

Bitcoin’s dominance as top crypto asset is currently at 46.01% . In the last seven days, the price of Bitcoin has climbed by 0.05 per cent. Bitcoin was worth $31,679 at the time of writing.

Top Crypto Rates

Ethereum (ETH): Ethereum price fall by 0.73% to $1984 in the last 24 hours. In the last 7 days, ETH price has rise by 0.79%. Ranked 2nd as market capitalization at CoinGabbar.

Binance (BNB): Binance Chain coin’s price  increased by 0.77% to $319 in the last 24 hours. In the last 7 days, BNB price has rise by 0.51%. Ranked 5th as market capitalization at CoinGabbar.

XRP: XRP coin’s price increased by 0.17% to $0.4197 in the last 24 hours. In the last 7 days, XRP price has decreased by 3.58%. Ranked 7th as market capitalization at CoinGabbar.

Solana (SOL): Solana price increased by 0.49% to $47.47 in the last 24 hours. In the last 7 days, SOL price has decreased by 4.6%. Ranked 9th as market capitalization at CoinGabbar.

Cardano (ADA): Cardano token’s price increased by 13.7% to $0.6487 In the last 24 hours. In the last 7 days, ADA price has rise by 25.5%. Ranked 6th as market capitalization at CoinGabbar.

Popular memecoin Dogecoin’s (DOGE) price fall by 0.6% in the last 24 hours. Ranked 11th as market capitalization at CoinGabbar.

Prices of Polkadot (DOT) increased by 0.56% to $10.53 while  Avalanche (AVAX) increased by 0.07 % to $27.74. Ranked 10th and 15th as market capitalization at CoinGabbar.

Polygon (Matic) price increased by 0.76% to $0.662 in the last 24 hours. Ranked 21th as market capitalization at CoinGabbar.


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