Crypto market update: BTC rises to $30,000

The biggest riser of the day out of the top 100 cryptos is STEPN

Pile of bitcoins                                 
Bitcoin has recovered past the $30,000-mark – Photo:Alamy
                                

The price of Bitcoin (BTC) has rebounded over the $30,000-mark after ending yesterday at $29,838 – a fall of 4.62% over the day, according to Currency.com.

The price of the lead crypto now stands at $30,0849, though the trading volume of BTC has decreased by 13.75% over the past 24 hours. Meanwhile, eight out of the top 10 cryptos are up today according to CoinMarketCap, with BTC up by 1.61%.

Ethereum (ETH) is up by 2.39% to $2,058, binance coin (BNB) is up by 2.48% to $303, Ripple (XRP) is up by 2.8% to $0.43 and cardano (ADA) is up by 3.4% to $0.58.

Solana (SOL) is up by 34.6% to $54.96 and dogecoin (DOGE) is up 2.5% to $0.09.       

Of the two stablecoins in the top 10 cryptos, Tether (USDT) is down by 0.02% and has fallen below the $1 mark to $0.998, while USD Coin (USDC) is up by 0.01% but is still priced at $1.

Biggest risers out of the top 100 cryptos

The biggest riser of the day out of the top 100 cryptos is STEPN (GMT), which is up 13.39% to $1.66. According to CoinMarketCap, GMT is “a self-styled ‘Web 3.0 lifestyle app’ with GameFi elements on the Solana blockchain”.

The second biggest riser of the day out of the top 100 is elrond (EGLD), which increased by 10.69% to $102.14. EGLD “is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding,” states CoinMarketCap.

The third biggest top 100 riser of the day is IOTA (MIOTA) and has risen by 9.28% to $0.38. CoinMarketCap says MIOTA “is a distributed ledger with one big difference: it isn’t a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions.”  

Biggest fallers out of the top 100 cryptos

Arweave (AR) is the biggest faller of the day out of the top 100 cryptos, which has dropped by 8.09% to $15.78. AR “is a decentralised storage network that seeks to offer a platform for the indefinite storage of data” according to CoinMarketCap.

The second biggest faller of the day out of the top 100 is TerraUSD (UST), having decreased by 7.82% to $0.11. CoinMarketCap says UST “is the decentralised and algorithmic stablecoin of the Terra blockchain, that is value-pegged to the US dollar”.

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The third biggest faller out of the top 100 is XDC Network (XDC), having dropped 2.57% to $0.045. CoinMarketCap states that XDC (formerly called XinFin Network) “is an enterprise-grade, hybrid blockchain, equipped with public and private states and interoperable smart contracts”.

Overall biggest crypto risers

Out of the more than 10,000 cryptos listed on CoinMarketCap, MetaPay (METAPAY) is the overall biggest riser of the day, up by 2031.45% to $0.00001089. CoinMarketCap says you can use METAPAY “to be able to sell the parcels and avatars you will buy in this metaverse universe, and you will be able to convert them into MetaPay tokens”.

The second biggest riser of all cryptos is luna inu ($LUNAINU) and has risen by 484.68% to $0.002324. $LUNAINU is a “meme crypto currency in honour of Jeff Bezos’s Dog Luna” according to CoinMarketCap.

The third overall biggest riser is safefloki (SFK), which has increased by 464.66% to $0.0000000009603. CoinMarketCap states that SFK is a “play-to-win token”.

Overall biggest crypto fallers

ETH 2x Flexible Leverage Index (ETH2X-FLI) is the biggest faller of the day out of all cryptos listed on CoinMarketCap, as it has fallen by 100% to $0. CoinMarketCap states that ETH2X-FLI “lets you leverage a collateralised debt position in a safe and efficient way, by abstracting its management into a simple index”.

The second biggest faller out of all cryptos is bitball treasure (BTRS), which has dropped by 90.90% to $2.41. BTRS “is a treasure coin and can be used to exchange treasure items on the Bitball merchandise page,” according to CoinMarketCap

The third biggest faller out of all cryptos today is TerraKRW (KRT), which is down by 90.40% to $0.00007148. CoinMarketCap says KRT is a stablecoin “pegged to the Korean Won”.

All prices are correct as of 13:28 BST (UTC +1) on Tuesday 17 May.

Bitcoin to US Dollar
Daily change
24072
Low: 24072
High: 25095

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