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Analysis

📈Market Overview

  • May 20, 2021

Panic selling crushes the entire crypto market, sending Bitcoin‘s price to $30,000 for the first time since February, but data shows BTC whales bought the dip. The market downturn sparked outages and other delays across a few of the top cryptocurrency exchanges, and the prices of the vast majority of altcoins cratered alongside the price of Bitcoin, with Ethereum briefly plunging to $1,900 and Dogecoin bottoming out at $0.236.

The entire Top 10 is traded in the red zone. Polkadot -25.6%, Ripple -18.8%, Binance Coin-14.3%.

Market capitalization: $1.77T (-8.2%)
The BTC dominance: 42.07% (+10.2%)
Fear & Greed Index: 11 (Extreme Fear)

https://cryptorank.io/heatmaps

👉 Top Gainers

Steem Dollars (SBD) +93.6%
Unibright (UBT)+34.4%
HBC Token (HBC)+30.8%

👉 Top Losers

Pancake Bunny (BUNNY) -83%
Kin (KIN) -37.7%
Ark (ARK) -37.2%

BTC Futures

Aggregated Volume — $233.3B
Aggregated Open Interest — $9.85B

👉 Derivatives Market Analytics

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Recent Posts
  • Istanbul Blockchain Week Launches Institutional Markets Summit: Pioneering Institutional Adoption of Digital Assets
  • HSC Hack Seasons Conference Cannes Unites Institutional Capital and Web3 Leaders to the French Riviera
  • Trescon Marks Ten Years as One of MENA Region’s Most Trusted Event Partners for Future-Focused Platforms
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