Cryptocurrency Prices Take A Breather From The Sell-Off; Bitcoin And Ether Are In The Green.

2022-05-14 | Selina Mathew

Cryptocurrency Prices Take A Breather From The Sell-Off; Bitcoin And Ether Are In The Green.

Bitcoin has lost around 37% of its value this year. Other cryptos have had similar results.

On Tuesday, April 26, 2022, a Bitcoin logo sign stands outside a cryptocurrency trading shop in Istanbul, Turkey. As the Federal Reserve grows less accommodating in its fight against inflation, both tech stocks and Bitcoin have seen significant fluctuations this year. Erhan Demirtas/Bloomberg Photographer

On May 14, top cryptocurrencies such as Bitcoin and Ethereum rose modestly as the market rebounded from recent losses.

The worldwide cryptocurrency market capitalization is currently $1.28 trillion, up 2.26 percent from the previous day.

The overall crypto market volume over the previous 24 hours has decreased by 98.31% to $118.10 billion.

The overall volume in DeFi is presently $11.49 billion, accounting for 9.73 percent of the entire 24-hour volume in the crypto market. The overall volume of all stable currencies is currently $103.84 billion, accounting for 87.92 percent of the entire 24-hour volume of the crypto market.

Bitcoin's price is presently $29,657.70, with a 44.04 percent dominance, down 0.79 percent from yesterday. The price of Ether is presently $2,042.83.

Bitcoin's price fell to roughly $25,420 this week, its lowest since December 2020. It remained stable at $30,000 on Friday, but that's still less than half of what bitcoin was worth in November.

 

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