Crypto Crash Latest Update (May 21): Bitcoin below $30,000; ETH, Solana, BNB, ADA, XRP, DOT, Matic down up to 5%

Source: www.cnbc.com

In the latest crypto news, the global crypto market cap shrunk again below $1.25 trillion in the last 24 hours, after reaching $1.28 trillion a day before. At the time of writing this article, the cryptocurrency market cap stood at $1.24 trillion according to CoinMarketCap data. Bitcoin price had also slipped below the $30,000 mark, reaching $29,195.

Source: Google Finance

The global cryptocurrency market volume also reduced by 10.35% to $73.76 billion in the last 24 hours. The total DeFi volume stood at $7.03 billion, which is 9.54% of the total crypto market’s 24-hour volume.

Bitcoin price dropped by 3.26% in the past 24 hours. Bitcoin’s dominance as the leading cryptocurrency in the crypto market reduced by 0.18% to 44.64% within 24 hours. Overall, the Bitcoin price has dropped by 1.09% in the last 7 days.

Top Crypto Prices

Other top cryptocurrencies also recorded a price drop in the last 24 hours.

Ethereum price dropped by 2.85%, crossing the $2,000 mark downwards, reaching 1,963 in the last 24 hours. ETH price has dropped by 4.07% in the last 7 days. Ethereum is ranked as the second-largest cryptocurrency in terms of market capitalization.

Source: Google Finance

Binance coin’s (BNB) price dropped by 1.69% to $302 in the last 24 hours. BNB price has increased by $302 in the last 7 days. It is ranked as the 5th largest cryptocurrency in terms of market capitalization.

XRP coin’s price dropped by 4.41% to $0.4113 in the last 24 hours. XRP price has dropped by 5.32% in the last 7 days. It is ranked as the 6th largest cryptocurrency in terms of market capitalization.

Solana’s price dropped by 3.41% to $49.84 in the last 24 hours. Solana has recorded a 3.6% drop in price in the last 7 days. It is the 9th largest crypto asset in terms of market capitalization.

ADA price (Cardano’s token) dropped by 1.95% to $0.5197 in the last 24 hours. ADA has recorded a 4.4% drop in the last 7 days. Currently, it is ranked as the 8th largest cryptocurrency by market cap.

DOGE price also recorded a drop in price, decreasing by 2.75% to $0.08419 in the last 24 hours. It is ranked as the 10th largest cryptocurrency by market capitalization.

Source: Google Finance

Polkadot (DOT) and Avalanche (AVAX) prices dropped by 2.3% and 1.92% respectively in the last 24 hours. DOT and AVAX are the 11th and 13th largest cryptocurrencies in terms of market cap.

Polygon price dropped by 2.22% to $0.6413 in the last 24 hours. CoinMarketCap data shows that it is the 17th largest cryptocurrency by market capitalization.

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