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%.

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1. Cryptocurrency digital assets

1.1. 5 Things to Consider Before Investing in Cryptocurrency

1.2. Tax on Cryptocurrency In India – Complete Guide 2022

1.3. New Cryptocurrency Bill Advances to Senate in Brazil

1.4. USDC Sees Native Launch on Avalanche

1.5. Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

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