[ad_1]
Cryptocurrency rate today: Globalism Cryptocurrency On Saturday, May 7th, the market continued to fall further as markets ended choppy after the Federal Open Market Committee meeting and the US Federal Reserve’s rate hike. The world’s largest cryptocurrency by volume, Bitcoin, also sank 2 percent on the day below the $36,000 mark. This was the lowest cryptocurrency in over a month. The cryptocurrency market has remained volatile this year after the ongoing attacks of the pandemic, the Russo-Ukrainian war and the resulting global inflation that made traders pull back from investing in cryptocurrencies.
Bitcoin price today It was standing at $35857.39 at the time of writing this article. This was a sharp drop of 1.86 percent over the past 24 hours, according to data from global crypto-tracking website CoinMarketCap. In the past seven days, Bitcoin, the world’s largest cryptocurrency, has fallen by more than 7.41 percent. Bitcoin lost about 10 percent of its value on Friday after a sharp decline.
On the other hand, the price of Ether today was trading at $2,665.99 at the time of writing this article, according to data from the same site. This has decreased by as much as 2.96 percent in the past 24 hours. The world’s second most popular coin lost much of its value on Friday. In the past seven days, the price of Ether has fallen by about 5.85 percent, according to the data.
“Federal Open Market Committee (FOMC) results and Federal Reserve Chairman Jerome Powell’s press briefing gave a slight boost to the cryptocurrency market as the committee decided to raise interest rates by 50 basis points and set plans to cool inflation,” BuyUcoin CEO Shivam Thakral said on Thursday. The crypto was short-lived and the cryptocurrency market fell again after sellers returned to the market.
The value of the global cryptocurrency market declined by 2.05 percent in the past 24 hours to reach $1.64 trillion. Memecoins including Dogecoin and Shiba Inu also fell on Saturday as well. Today, the Dogecoin price settled at $0.1274, down 1.08 percent. Meanwhile, today’s Shiba Inu price was at $0.0001977, down 2.37 percent.
Here are the top 10 cryptocurrencies and their prices on May 7, 2022 (according to data from coinmarketcap.com)
Bitcoin $35,857.39 or 1.86% loss over the past 24 hours
Ethereum $2665.99 or 2.96 percent loss in the last 24 hours
Assess a loss of $1.00 or 0.00 percent in the last 24 hours
BNB $376.17 or 0.82 percent loss in the last 24 hours
USD Coin 1.00 USD or 0.01 percent loss in the last 24 hours
XRP $0.5958, or 2.15 percent loss over the past 24 hours
Solana $80.32 or 3.52 percent loss in the last 24 hours
Cardano $0.7686, or 3.23 percent loss over the past 24 hours
Terra $73.09 or 9.58 percent loss in the last 24 hours
TerraUSD $1.00 or 0.13 percent gain in the last 24 hours
Read all files latest news And the Breaking news And the IPL 2022 Live Updates over here.
[ad_2]
Source link
