The crypto overview (May 09, 2022)

The crypto overview (May 09, 2022)

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.