Cryptocurrency Prices Today in India (May 4, 2022): Global crypto market cap decreased by 0.50% within the final 24 hours to $1.73 trillion, in response to CoinMarketCap knowledge on Wednesday (1.26 pm). Most of the highest 10 crypto costs decreased within the final 24 hours whereas the worldwide cryptocurrency market quantity during the last 24 hours decreased by 12.52% to $74.20 billion. The complete quantity in DeFi was $7.7 billion, which is 10.48% of the whole crypto market 24-hour quantity. Stable cash quantity was $63.34 billion, which is 85.36% of the whole crypto market 24-hour quantity.
The Bitcoin markets retraced and was priced above $38,000. Bitcoin’s dominance as prime crypto asset stays unchanged during the last day at round 42.25%. The hottest crypto asset was promoting at $38459 on the time of penning this. The general Bitcoin value has decreased by 0.64% within the final 7 days. In the final 24 hours, Bitcoin value elevated by simply 0.26%.
Bitcoin value motion was roughly flat over the previous 24 hours, indicating indecision from merchants. “Market participants will most likely expect the price volatility to continue into the rest of the week as the FED approaches its decision on the May interest hike,” , Darshan Bathija, CEO and Co-Founder of Vauld informed FE Online.
Meanwhile, all eyes are on the Federal Open Market Committee (FOMC) assembly in the present day, which can end in an rate of interest hike by 50 foundation factors. “Usually, a hike in interest rates could negatively impact the Crypto and equities markets as investors are more cautious. Bitcoin’s current high correlation to the equities market means that the digital asset may face selling pressure in the market,” stated Bathija.
Both Bitcoin and Ethereum have been buying and selling in a pointy vary for over a month now. While Bitcoin value has been between $38,000 – $42,000, ETH value has been between $2,800 – $3,200. Both cryptos are flirting with the decrease sure of their respective ranges.
Top Crypto Prices
Prices of a number of different prime 10 crypto property have decreased within the final 24 hours. Take a glance:
Ethereum (ETH): Ethereum value decreased by 0.57% to $2829 within the final 24 hours. In the final 7 days, ETH value has decreased by 1.91%. It is presently ranked second largest crypto asset by way of market capitalisation.
Binance (BNB): Binance coin’s value elevated by 0.07% to $390 within the final 24 hours. In the final 7 days, BNB value has decreased by 1%. It is presently ranked as fourth greatest crypto asset by way of market capitalisation.
XRP: XRP coin’s value decreased by 0.61% to $0.6157 within the final 24 hours. In the final 7 days, XRP value has decreased by 6.82%. It is presently ranked as sixth greatest crypto asset by way of market capitalisation.
Solana (SOL): Solana value decreased by 1.08% to $90.28 within the final 24 hours. In the final 7 days, SOL value has decreased by 12.07%. It is presently ranked as seventh greatest crypto asset by way of market capitalisation.
Cardano (ADA): Cardano token’s value elevated by 0.93% to $0.7941 In the final 24 hours. In the final 7 days, ADA value has decreased by 6.79%. It is presently ranked as ninth greatest crypto asset by way of market capitalisation.
Terra (LUNA): Terra coin’s value elevated by 0.07% to $85.19 within the final 24 hours. In the final 7 days, LUNA value has decreased by 5.72%. It is presently ranked as eighth greatest crypto asset by way of market capitalisation.
Popular memecoin Dogecoin’s (DOGE) value decreased by 0.35% within the final 24 hours whereas Shiba Inu (SHIB) value decreased by 0.22%% during the last day. DOGE is presently ranked twelfth and SHIB fifteenth by way of their respective market capitalisations. The value of DOGE on the time of this report was $0.1308 whereas SHIB value was $0.00002087.
Source: www.financialexpress.com”