The crypto overview (May 16, 2022)

The crypto overview (May 16, 2022)

The crypto overview (May 16, 2022)

This overview reflects the current situation of major crypto assets, such as Bitcoin, Ethereum, Solana, Cardano, and Binance. The previous week showed a dip for most of crypto assets. The global cryptocurrency market cap has increased to 2.73% over the last day to $1.31 trillion. According to CoinMarketCap data, the total crypto market volume over the last 24 hours decreased by 9.52% to $78.40 billion. The total volume on DeFi was $10.33 billion, which is 13.18% of the total crypto market 24-hour volume. Stable coins volume was $69 billion, which is 88% of the total crypto market 24-hour volume.

The dominance of Bitcoin as the main crypto asset increased to 44.35% compared with the data from May 9, 2022. According to the CoinMarketCap website, the Bitcoin price decreased by 10.16% in the last 7 days. In the last 24 hours, Bitcoin price increased by 2.06%.

Other main crypto assets followed the Bitcoin price trend.

1. ETH price has decreased by 15.84% in the last 7 days. Ethereum price increased by 2.72% to $2074 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 13.7% in the last 7 days. The Binance token’s price increased by 5.08% to $302 in the last 24 hours.

3. XRP price has decreased by 21.94% in the last 7 days. The XRP coin’s price increased by 4.19% to $0.4383 in the last 24 hours.

4. SOL price has decreased by 25.27% in the last 7 days. Solana’s price increased by 11.46% to $56.07 in the last 24 hours.

5. ADA price has decreased by 18.40% in the last 7 days. The Cardano token’s price increased by 12.56% to $0.5872 in the last 24 hours.

6. AVAX price has decreased by 32.61% in the last 7 days. The Avalanche token’s price increased by 2.09% to $33.89 in the last 24 hours.

The main meme coin, Dogecoin (DOGE), had the same trend as major crypto assets did. The DOGE price increased by 2.07% in the last 24 hours.