Crypto Market Sheds Almost Half A Trillion In Sell-Off – May 20

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $39,783

Bitcoin price has recovered to $39,000 following yesterday’s bloodbath, which saw prices as low as $30,000 on some exchanges.

Top-20 altcoins continue to take a beating, with Ethereum down 10%, XRP falling by 19%, but Internet Computer stands out with a 34% rise.

Top Stories for May 20, 2021 πŸ”₯

πŸ‘‰ Crypto Market Sheds Almost Half A Trillion In Sell-Off

The total cryptocurrency market cap shed $460 billion yesterday, in the largest sell-off seen since March 2020’s “Black Thursday”.

Once the dust settled, Ether (ETH) was trading at $2,469.50, more than a 26% drawdown within a 24-hour period.

LMAX currency strategist Joel Kruger says the market had been at risk of a pullback after a parabolic run-up, with additional “pressure from global macro forces”.

πŸ‘‰ Instagram To Host Event For Digital Creators, May Build NFT Platform

Instagram has been revealed to be hosting an event for non-fungible token (NFT) artists, at its first ever “Creator Week”.

The event will involve a panel for NFT creators and a “special discussion on crypto art”,Β  with one invitee claiming that Instagram is seeking to build their very own NFT platform.

πŸ‘‰ Uniswap V3 Tops SushiSwap In TradingVolume

Uniswap v3 has overtaken SushiSwap in trading volume, now ranking second behind Uniswap’s own v2 protocol.

The new version of the exchange has only been live for two weeks and is set to claim the top spot by the end of the month, according to Messari’s Ryan Watkins.