Rising fears of inflation and big government spending rocked equities markets and possibly had a knock-on effect on Bitcoin and altcoin prices. The cryptocurrency market corrected sharply on May 12 after the hype surrounding dog-themed tokens was deflated when Ethereum co-founder Vitalik Buterin dumped vast amounts of the previously hot Shiba Inu, Dogelon Mars and Akita Inu on the market and donated the proceeds to charity.
Market capitalization: $2.40T (-9.43%)
The BTC dominance: 39.77% (-1.65%)
Fear & Greed Index: 31 (Fear)
Aggregated Volume — $130.46B
Aggregated Open Interest — $16.09B