According to cryptocurrency digital assets trading app BuyUcoin.com, Bitcoin rose 19.33 percent to $42,107.19 on May 20, only one day after plunging by over 30%.
Cryptocurrency digital assets
One of the top stories from yesterday was the sudden drop in cryptocurrency rates. On May 20, however, crypto-assets made a strong comeback. According to CoinMarketCap data as of 7 p.m., the overall market cap of the global crypto market had increased by 27.61 percent to $1.87 trillion in the previous day. Crypto assets have been dropping steadily in recent days, with fear evident on May 19, when Bitcoin’s price fell more than 30% to below $31,000. According to CoinDesk, Bitcoin, the most valuable cryptocurrency by market capitalization, once hit an all-time high of $64,829.14. Here’s how the top global cryptocurrencies have fared throughout the last month.
On May 20, 2021, at 7 p.m., the price of Bitcoin had risen 17.12 percent to $42,045.18, with a market capitalization of $786.83 billion. (1-month performance: 24.32 percent decrease)
On May 20, 2021, at 7 p.m., Ethereum’s price had risen 21.18 percent to $2,925.27, with a market cap of $129.26 billion. (20.25 percent increase in one month)
On May 20, 2021, at 7 p.m., the price of XRP soared 7.94 percent to $1.24, with a market cap of USD 123.65 billion. (1-month performance: 11.16 percent decline)
Tether was an outlier, with a market value of $ 60.45 billion and a price drop of -0.05 percent to $1.00. (1-month performance: 0.22% increase)
On May 20, 2021, at 7 p.m., Cardano’s price had risen 25.22 percent to $1.88, with a market cap of $60.28 billion. 1-month performance: 47.15 percent increase)
On May 20, 2021, at 7 p.m., Stellar’s price jumped 21.39 percent to $0.52, with a market cap of $54.89 billion. (1-month performance: 0.14 percent increase)
Chainlink’s price has risen 16.16 percent in the last 24 hours to $32.00, with a market cap of $32 billion. (1-month performance: 16.50 percent decrease)
With a market cap of $31.67 billion, Polkadot was up 18.53 percent to $29.87. (1-month performance: 16.48 percent decrease)
On May 20, 2021, at 7 p.m., the price of Uniswap soared 18.83 percent to $27.67, with a market cap of $27.67 billion. (1-month performance: a decrease of 21.99%)
On May 20, 2021, at 7 p.m., the price of USD Coin had dropped -0.05 percent to $1.00, with a market cap of $17 billion. (Performance over the last month: +0.06%)
Source : money control
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