Hopes for recovery were quite short-lived as major tokens in the crypto market fell again. Investors have been extremely cautious about their future investments since Terra's fall and some of them are even cashing out their profits since they believe that the future of the crypto market is doomed. Expert investors are considering this as a market cycle and are further waiting for the rate hike cycle before finally leaving the digital asset market. Considering the various macroeconomic and financial crises, it will take quite a while for the crypto market to regain its dominance. In this article, Analytics Insight enlists the top cryptocurrency prices for May 18, 2022.
Bitcoin: US$29,953.64 (down by 1.11%)
Ethereum: US$2,044.43 (down by 1.14%)
Tether: US$0.9989 (up by 0.01%)
USD Coin: US$1.00 (down by 0.02%)
BNB: US$301.00 (down by 1.20%)
XRP: US$0.4281 (down by 1.52%)
Cardano: US$0.5648 (down by 1.19%)
Solana: US$55.63 (down by 1.34%)
Binance USD: US$1.00 (up by 0.09%)
Dogecoin: US$0.08915 (down by 0.62%)
According to coinmarketcap, the global crypto market is standing at US$1.28T, indicating a decrease of 1.63% 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 risky, 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.