Cryptocurrency price Updates (May 22): ETH above $2000, BTC over $30,000; SOL, BNB, XRP, ADA, MATIC gains

Cryptocurrency price Updates (May 22): ETH above $2000, BTC over $30,000; SOL, BNB, XRP, ADA, MATIC gains

In the midst of worldwide gloomy feelings, the global cryptocurrency market is likewise fighting to recover from its recent crash. According to CoinGabbar data, the global crypto market cap stayed below $1.30 trillion, gaining 2% in the last day to $1.29 trillion. The price of bitcoin has risen past $30,000, reaching $30,124.

Over the last 24 hours, the global cryptocurrency market volume increased by 28.79 per cent to $62.47 billion. The overall volume in DeFi was $8.12 billion, or 13.27 per cent of the entire 24-hour volume in the crypto market. The 24-hour volume of stable coins was $53.71 billion, accounting for 86.19 per cent of the overall crypto market volume.

In the previous 24 hours, bitcoin's price has dropped 2.40 per cent. Over the course of the day, Bitcoin's dominance as the most valuable cryptocurrency climbed by 0.12% to 44.78 per cent. In the last seven days, the price of Bitcoin has dropped 0.64 per cent.

The bearish trend in crypto markets is set to continue, according to experts.

Top Crypto Rates

Ethereum (ETH): Ethereum price increased by 2.45% as it once again crossed the $2000 mark to $2028 in the last 24 hours. In the last 7 days, ETH price has decreased by 2.27%. Ranked 2nd according to CoinGabbar.

Binance (BNB): Binance coin’s price increased by 0.46% to $318 in the last 24 hours. In the last 7 days, BNB price has increased by 5.66%. Ranked 4th according to CoinGabbar.

XRP: XRP coin’s price increased by 1.30% to $0.4195 in the last 24 hours. In the last 7 days, XRP price has decreased by 3.68%. Ranked 6th according to CoinGabbar.

Solana (SOL): Solana price increased by 3.84% to $52.24 in the last 24 hours. In the last 7 days, SOL price has decreased by 6.76%. Ranked 9th according to CoinGabbar.

Cardano (ADA): Cardano token’s price increased by 2.32% to $0.5378 In the last 24 hours. In the last 7 days, ADA price has decreased by 7.91%. Ranked 8th according to CoinGabbar.

Popular memecoin Dogecoin’s (DOGE) price increased by 1.11% in the last 24 hours. Ranked 10th according to CoinGabbar.

Meanwhile, prices of Polkadot (DOT) and Avalanche (AVAX) increased by 1.02% and 4.97 per cent in the last 24 hours respectively. Ranked 11th and 12thaccording to CoinGabbar.

Polygon (Matic) price increased by 2.62% to $0.6687 in the last 24 hours. Ranked 21th according to CoinGabbar.