Early in March, President Biden signed off an executive order that acknowledged the crypto market and, in fact, encourages crypto adoption. Since then the Bitcoin process has been fluctuating and experts hoped that this time the crypto will rise, taking the entire crypto market along with it. But unfortunately, Bitcoin crashed taking down the entire crypto market. Some of the major cryptocurrencies are facing substantial losses as investors become unsure of their future prospects. In this article, Analytics Insight enlists the top cryptocurrency prices for May 6, 2022.
Bitcoin: US$36,459.94 (down by 8.36%)
Ethereum: US$2.747.13 (down by 6.77%)
Tether: US$1 (down by 0.00%)
BNB: US$378.21 (down by 6.21%)
USD Coin: US$1.00 (up by 0.04%)
XRP: US$0.6065 (down by 6.31%)
Terra: US$80.85 (down by 7.37%)
Solana: US$82.86 (down by 12.11%)
Cardano: US$0.7896 (down by 9.74%)
TerraUSD: US$1.00 (up by 0.01%)
According to coinmarketcap, the global crypto market is currently valued at US$1.67T, indicating a decrease of 7.59% over the last day.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.