Latest Crypto Crash Update (5/30): Cryptocurrency Prices Rise; Solana, Cardano, Polkadot, Avalanche Gain up to 15% – Tech Tribune France

Crypto Crash News Update (May 30): The global crypto market cap has rallied after witnessing another round of crashes in recent days. At the time of writing, the crypto market capitalization was $1.25 billion, up 4.43% over the past day, according to data from CoinMarketCap.

Following a massive crash and extreme feelings of fear, the crypto market has struggled to move higher for several weeks, stuck in the $1.20-1.31 billion range, with experts saying the recovery could be longer this time.

Meanwhile, the price of Bitcoin (BTC) once again reached over $30,000, rising 4.27% in the past 24 hours.

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Total cryptocurrency market volume in the past 24 hours increased by 4.74% to $53.47 billion. Total DeFi volume was $5.55 billion, or 10.37% of the total 24-hour crypto market volume. The stablecoin volume was $45.25 billion, or 84.62% of the total 24-hour crypto market volume.

Bitcoin’s dominance as the top crypto asset is currently at 45.25%. The overall price of Bitcoin has increased by 0.04% in the last 7 days. At the time of writing, the Bitcoin price was $30,102.

Don’t trust Luna 2.0?

“After experiencing 9 consecutive weeks of negative returns, most traders have taken a risk-free approach. Although US and global equities rebounded and closed the week with their first weekly gain since late March, the same has not been revealed in the crypto markets,” said Darshan Bathija, CEO and co-founder of Vauld. , at FE Online.

“Over the weekend, altcoins also underperformed. The new Terra blockchain was introduced and the price of LUNA Classic and LUNA 2.0 tokens dropped. What is evident is that the crypto community is still visibly skeptical about the reliability of the project after the UST De-pegging debacle,” he added.

Best Crypto Prices

Several high crypto prices rose, with Cardano, Solana, Polkadot, and Avalanche recovering the most. Consider:

Ethereum (ETH): Ethereum price rose 5.9% to $1,873 in the past 24 hours. In the past 7 days, the price of ETH has decreased by 7.42%. It is currently ranked the second crypto asset by market capitalization.

Binance (BNB): The Binance Chain coin price rose 4.5% to $315 in the past 24 hours. Over the last 7 days, the price of BNB has decreased by 0.64%. It is currently ranked the fifth largest crypto asset by market capitalization.

XRP: The price of the XRP coin has increased by 4.9% to $0.3998 in the last 24 hours. In the past 7 days, the price of XRP has decreased by 4.52%. It is currently ranked 6th among crypto assets by market capitalization.

Solana (SOL): Solana price increased by 9.17% to $46.37 in the last 24 hours. Over the past 7 days, the price of SOL has decreased by 10.54%. It is currently ranked 9th among crypto assets by market capitalization.

Cardano (ADA): The price of the Cardano token rose by 11.41% to $0.5111 in the past 24 hours. In the past 7 days, the price of ADA has decreased by 4.78%. It is currently ranked 8th among crypto assets by market capitalization.

Popular memecoin price Dogecoin (DOGE) has risen 5.41% in the past 24 hours. DOGE is currently ranked 10th in terms of market capitalization. The price of DOGE at the time of this report was $0.08487.

Meanwhile, the price of Polkadot (DOT) rose 10.24% to $10.35 while Avalanche (AVAX) rose 14.21% to $25.55. DOT and AVAX are currently ranked 11th and 14th respectively on CoinMarketCap. Polygon (Matic) price increased by 7.39% to $0.6206 in the last 24 hours. It is currently ranked 17th on CoinMarketCap.

(Cryptos and other virtual digital assets are unregulated in India. They are described as extremely risky for investment. Please consult your financial advisor before making any investment decision)

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Latest Crypto Crash Update (5/30): Cryptocurrency Prices Rise; Solana, Cardano, Polkadot, Avalanche Gain up to 15% – Tech Tribune France


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