5 Ways to Increase Acceptability of Cryptocurrency: From Skepticism to Mainstream Adoption
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2022-05-17 | Selina Mathew
The selloff in cryptocurrency prices has resumed, with Bitcoin trading between $30,000 and $40,000, while global equities markets have remained under pressure. The world's largest and most popular stock dropped over a percent to $30,176. It's down 37% so far this year and is trading well below its November 2021 high of $69,000.
On the other side, Ether, the second-largest cryptocurrency and the token tied to the Ethereum network, fell slightly to $2,061. Meanwhile, the price of dogecoin has dropped to $0.08, while Shiba Inu has dropped over 1% to $0.000012.
The performance of other digital tokens was likewise low. Prices of Solana, Cardano, Uniswap, Avalanche, Polygon, Stellar, Tron, XRP, and Polkadot have all seen slight drops in the last 24 hours, while Terra (Luna) has continued to lose ground, falling almost 32% to $0.00017.
Meanwhile, the value of the global crypto market has dropped by around 2% in the last 24 hours to $1.3 trillion. In the last week, the total market value of cryptocurrencies has decreased by nearly $350 billion.
The sudden fall of the TerraUSD stablecoin has captivated the crypto community. Following a wave of selling pressure, the Terra blockchain was paused and then resumed again in recent days, as the value of its main cryptocurrency, Luna, and the linked TerraUSD stablecoin fell.
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BTC/USD 1 DAY PRICE CHART - COINMARKETCAP.COM
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