The crypto overview (May 09, 2022)

This overview reflects the current situation of major crypto assets, such as Bitcoin, Ethereum, Solana, Cardano, and Binance. The crypto market had a big drop in this week. The global cryptocurrency market cap fell up to 2.28% over the last day to $1.54 trillion. According to CoinMarketCap data, the total crypto market volume over the last 24 hours increased by 3.18% to $96.96 billion. The total volume on DeFi was $11.39 billion, which is 11.39% of the total crypto market 24-hour volume. Stable coins volume was $87.56 billion, which is 90.3% of the total crypto market 24-hour volume.

The dominance of Bitcoin as the main crypto asset decreased to 41.48% compared with the data from May 2, 2022. According to the CoinMarketCap website, the Bitcoin price decreased by 13.64% in the last 7 days. In the last 24 hours, the Bitcoin price decreased by 2.25%.

Other main crypto assets followed Bitcoin for the price trend.

1. ETH price has decreased by 14.15% in the last 7 days. Ethereum price decreased by 3.41% to $2450 in the last 24 hours. ETH is positioned as the second largest crypto asset in terms of market capitalization.

2. BNB price has decreased by 11.05% in the last 7 days. The Binance token’s price decreased by 3.13% to $347 in the last 24 hours.

3. XRP price has decreased by 9.40% in the last 7 days. The XRP coin’s price decreased by 0.55% to $0.5656 in the last 24 hours.

4. SOL price has decreased by 16.73% in the last 7 days. Solana’s price decreased by 13.41% to $74.91 in the last 24 hours.

5. ADA price has decreased by 10.53% in the last 7 days. The Cardano token’s price decreased by 4.21% to $0.7069 in the last 24 hours.

6. AVAX price has decreased by 15.58% in the last 7 days. The Avalanche token’s price decreased by 4.63% to $51.12 in the last 24 hours.

The main meme coin, Dogecoin (DOGE), had a decreasing trend as well. The DOGE price decreased by 2.71% in the last 24 hours.