May 19, 2022

Why Bitcoin and other cryptos are dropping


The largest cryptocurrency Bitcoin is currently down by 4.5% over the past 24 hours and has been trading around $45,463. Bitcoin touched its all-time high mark of $64,000 in April. Other popular coins like Dogecoin, XRP, and Cardano also dropped in value along with the world’s most famous coin.

As we all know the nature of the crypto market is very volatile where you can see large swings or a sudden fall with no notice, thus people find it very risky to invest in this space. An upward trend can work wonders for you if you have invested in the right coin and a downswing can leave you with less amount of money than you invested.

Ether is at $3,120 with a change of -9.36% over the last 24 hours

Cardano is at $2.1 with a change of -10% over the last 24 hours

Binance Coin is at $384 with a change of -6.7% over the last 24 hours

XRP is at 0.9602  with a change of -11% over the last 24 hours

Solana is at 140 with a change of -13% over the last 24 hours

As always, regular volatility is probably the main factor behind a cryptocurrency selloff when traders are making a profit. However, there are some basic concerns that are likely to worry investors as well.

Along with Government’s attempt to regulate the 2 trillion dollar market like the SEC is attempting most notably with XRP and Coinbase and other big cryptos which has certain investors worried that it could throw the market off or destroy it, mostly because of cryptos dark dwellings with criminal organizations using crypto to launder money. They believe that once regulated a big drop in crypto will happen once criminals realize that governments have authority towards the crypto market.

The biggest worry is the hackers who have stolen hundreds of millions of dollars in cryptocurrencies in the past few weeks. A $ 600 million hack into the Poly Network hit the sector a awhile ago, but the funds have been returned.

This is a tiny $ 97 million jump last week that investors may only have heard of. The attackers have reportedly already “cleared” $ 20 million in non-recoverable cryptocurrencies, and perhaps most of the stolen cryptocurrencies have disappeared. If the risk of a hack continues to increase, it could be disastrous for cryptocurrencies in the long run.

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Stocks & Crypto

Name Price24H (%)
DSLA Protocol (DSLA)
$0.003680
-6.82%
Lympo (LYM)
$0.004392
-4.43%
Relevant (REL)
$0.78
0.35%
Heart Number (HTN)
$0.000553
-30.47%
Tadpole (TAD)
$7.32
-1.76%
Cage (C4G3)
$0.005010
-3.67%
DYOR (DYOR)
$0.000020
20.53%
TICOEX Token (TICO)
$0.001364
0.52%
MMS Cash Token (MCASH)
$1.00
0.00%
Bitcoin (BTC)
$29,008.00
-5.31%
Ethereum (ETH)
$1,943.58
-7.42%
Tether (USDT)
$1.00
0.04%
USD Coin (USDC)
$1.00
0.05%
BNB (BNB)
$291.45
-5.14%
XRP (XRP)
$0.412124
-6.61%
Binance USD (BUSD)
$1.00
0.04%
Cardano (ADA)
$0.52
-11.22%
Solana (SOL)
$50.83
-11.85%
Dogecoin (DOGE)
$0.084751
-7.03%
Polkadot (DOT)
$9.65
-13.32%
Wrapped Bitcoin (WBTC)
$29,008.00
-5.06%
Avalanche (AVAX)
$29.97
-14.33%
Lido Staked Ether (STETH)
$1,910.82
-7.65%
TRON (TRX)
$0.071530
-1.64%
Vectorium (VECT)
$425.81
-3.49%
Shiba Inu (SHIB)
$0.000012
-7.25%
Dai (DAI)
$1.00
0.16%
Power Cash (PRCH)
$0.017570
881.24%
Alex (ALEX)
$0.068435
-0.04%
Litecoin (LTC)
$67.09
-9.40%
Cronos (CRO)
$0.186625
-8.17%
LADZ (LADZ)
$0.066195
0.58%
LEO Token (LEO)
$4.92
-0.15%
Polygon (MATIC)
$0.64
-12.72%
NEAR Protocol (NEAR)
$5.97
-11.06%
FTX Token (FTT)
$29.95
-6.72%
Hedera (HBAR)
$0.388591
-3.51%
Rare (RARE)
$0.046122
0.00%
Bitcoin Cash (BCH)
$189.80
-8.70%
Stellar (XLM)
$0.129144
-9.69%
OKB (OKB)
$12.09
-6.31%
Algorand (ALGO)
$0.443172
-11.35%
Cosmos Hub (ATOM)
$10.28
-12.27%
Flow (FLOW)
$2.89
-4.47%
Monero (XMR)
$157.14
-10.49%
Ethereum Classic (ETC)
$20.11
-7.97%
BitTorrent (BTT)
$0.002702
1.61%
ApeCoin (APE)
$8.02
-10.36%
Uniswap (UNI)
$4.96
-10.28%
BitTorrent [OLD] (BTTOLD)
$0.001374
19.41%
Hedera (HBAR)
$0.101586
-7.01%
Elrond (EGLD)
$92.22
-8.15%
VeChain (VET)
$0.029692
-10.14%
Theta Fuel (TFUEL)
$0.062733
-12.21%
Magic Internet Money (MIM)
$1.00
-0.06%
Internet Computer (ICP)
$7.66
-11.95%
Axie Infinity (AXS)
$21.79
-0.30%
Bitcoin Cash ABC (BCHA)
$86.90
-0.64%
Chain (XCN)
$0.095308
2.67%
Filecoin (FIL)
$7.69
-11.24%
Decentraland (MANA)
$1.05
-13.58%
cETH (CETH)
$38.49
-8.58%
Tezos (XTZ)
$1.70
-9.55%
The Sandbox (SAND)
$1.22
-12.12%
DeFiChain (DFI)
$2.83
-9.58%
Frax (FRAX)
$1.00
0.05%
KuCoin Token (KCS)
$14.53
-3.46%
Maker (MKR)
$1,452.69
-8.71%
Humans.ai (HEART)
$0.026105
-11.74%
PancakeSwap (CAKE)
$4.35
-8.57%
EOS (EOS)
$1.28
-7.77%
Zcash (ZEC)
$100.87
-12.68%
Theta Network (THETA)
$1.23
-12.84%
TrueUSD (TUSD)
$1.00
0.02%
Aave (AAVE)
$83.72
-12.36%
Klaytn (KLAY)
$0.404712
-8.29%
Huobi BTC (HBTC)
$28,971.00
-5.35%
The Graph (GRT)
$0.160976
-11.95%
YooShi (YOOSHI)
$0.000003
-12.05%
Huobi Token (HT)
$6.99
-1.12%
cUSDC (CUSDC)
$0.022652
-0.02%
TerraUSD (UST)
$0.093137
5.55%
BitTorrent (BTT)
$0.000001
-4.54%
Terra (LUNA)
$0.000151
-20.84%
Bitcoin SV (BSV)
$50.57
-10.87%
Pax Dollar (USDP)
$1.00
-0.06%
IOTA (MIOTA)
$0.337934
-14.46%
THORChain (RUNE)
$3.01
-13.29%
Quant (QNT)
$66.19
-11.48%
eCash (XEC)
$0.000046
-8.76%
Radix (XRD)
$0.086025
-3.22%
Neutrino USD (USDN)
$0.97
0.34%
cDAI (CDAI)
$0.022015
0.02%
STEPN (GMT)
$1.39
-13.58%
GateToken (GT)
$5.50
-4.55%
Fantom (FTM)
$0.322624
-11.86%
Helium (HNT)
$7.82
-15.94%
BitDAO (BIT)
$0.82
-3.68%
NEXO (NEXO)
$1.32
-5.68%
Arweave (AR)
$14.63
-8.36%
NEO (NEO)
$10.05
-9.70%
Kusama (KSM)
$78.59
-5.09%
Zilliqa (ZIL)
$0.048543
-9.99%
Convex Finance (CVX)
$10.82
-13.57%
Amp (AMP)
$0.013467
-4.69%
Sapphire (SAPP)
$0.70
35.32%
Chiliz (CHZ)
$0.119778
-1.35%
Waves (WAVES)
$6.23
-12.79%
Enjin Coin (ENJ)
$0.67
-10.51%
BitcoinStaking (BSK)
$47.23
216.25%
Gala (GALA)
$0.079850
-11.61%
Dash (DASH)
$56.15
-8.12%
PAX Gold (PAXG)
$1,822.97
0.12%
Valkyrie Protocol (VKR)
$1.22
-13.48%
Loopring (LRC)
$0.458770
-9.50%
Basic Attention Token (BAT)
$0.380410
-9.43%
Synthetix Network Token (SNX)
$2.52
-13.55%
Maiar DEX (MEX)
$0.000111
-9.25%
Celo (CELO)
$1.28
-12.26%
cUSDT (CUSDT)
$0.021768
0.00%
pTokens BTC (PBTC)
$45,430.00
-1.22%
Osmosis (OSMO)
$1.48
-11.63%
Fei USD (FEI)
$1.00
0.21%
Stacks (STX)
$0.51
-11.67%
Gnosis (GNO)
$208.31
-10.21%
Harmony (ONE)
$0.043923
-12.39%
Fei Protocol (FEI)
$1.00
-0.63%
XDC Network (XDC)
$0.043129
-6.21%
Decred (DCR)
$36.21
-6.72%
Mina Protocol (MINA)
$0.99
-11.00%
Lido DAO (LDO)
$1.38
-9.83%
Ekta (EKTA)
$3.78
3.46%
Curve DAO Token (CRV)
$1.25
-11.72%
Green Satoshi Token (BSC) (GST)
$43.90
9.24%
NEM (XEM)
$0.054023
-12.34%
Tether Gold (XAUT)
$1,861.37
-0.18%
Kava (KAVA)
$2.35
-12.68%
Holo (HOT)
$0.002551
-5.86%
Compound (COMP)
$65.69
-12.09%
Verasity (VRA)
$0.067412
-5.65%
GuildFi (GF)
$2.03
-6.23%
Frax Share (FXS)
$7.18
-14.82%
Kadena (KDA)
$2.35
-21.60%
Nexus Mutual (NXM)
$63.23
-11.34%
Tokenize Xchange (TKX)
$5.33
-5.21%
Thorstarter (XRUNE)
$0.62
6.40%
ECOMI (OMI)
$0.001556
-5.12%
Qtum (QTUM)
$3.85
-9.97%
Wootrade Network (WOO)
$0.81
8.00%
OKC Token (OKT)
$24.55
-4.89%
Bancor Network Token (BNT)
$1.36
-7.86%
FLEX Coin (FLEX)
$4.91
-0.54%
IOST (IOST)
$0.016487
-9.75%
1inch (1INCH)
$0.92
-4.92%
Anyswap (ANY)
$16.67
4.73%
GXChain (GXC)
$4.64
173.82%
hi Dollar (HI)
$0.375993
0.76%
cBAT (CBAT)
$0.023192
6.02%
Dogebonk (DOBO)
$0.000000
14.70%
SuperRare (RARE)
$2.31
24.37%
Balancer (BAL)
$14.59
-2.78%
Serum (SRM)
$1.13
-10.46%
Livepeer (LPT)
$13.85
-10.48%
PEAKDEFI (PEAK)
$0.334352
52.12%
Invictus (IN)
$1,344.61
2.71%
ParaSwap (PSP)
$0.72
-10.57%
My Neighbor Alice (ALICE)
$20.13
-10.39%
Vectorspace AI (VXV)
$9.02
9.54%
Sovryn (SOV)
$17.93
-0.77%
RedFOX Labs (RFOX)
$0.242411
-13.80%
Samoyedcoin (SAMO)
$0.120191
2.66%
Rich Quack (QUACK)
$0.000000
-3.78%
CateCoin (CATE)
$0.000010
3.33%
Liquity USD (LUSD)
$1.00
0.08%
Band Protocol (BAND)
$8.28
7.98%
Badger DAO (BADGER)
$34.68
12.62%
Snowbank (SB)
$3,867.87
1.07%
Popsicle Finance (ICE)
$33.87
-7.71%
Gitcoin (GTC)
$23.64
79.82%
Taboo Token (TABOO)
$0.031889
10.27%
Proton (XPR)
$0.040012
6.89%
NKN (NKN)
$0.52
3.89%
JUNO (JUNO)
$6.78
-18.10%
Xido Finance (XIDO)
$11.96
-5.93%
AllianceBlock (ALBT)
$1.02
-7.55%
Olympus (OHM)
$17.14
-0.64%
OMG Network (OMG)
$2.38
-8.52%
Bitcoin Gold (BTG)
$18.95
-6.35%
BTC Standard Hashrate Token (BTCST)
$44.40
21.20%
DerivaDAO (DDX)
$12.37
143.65%
SingularityNET (AGIX)
$0.340248
4.09%
BitMart Token (BMX)
$0.369266
-5.06%
yearn.finance (YFI)
$9,228.34
-9.55%
HUSD (HUSD)
$1.00
-0.02%
Secret (SCRT)
$1.92
-4.79%
Doge Army Token (DGAT)
$0.000000
-18.42%
Aave [OLD] (LEND)
$4.10
2.91%
Stratis (STRAX)
$2.36
18.61%
Ark (ARK)
$1.98
3.33%
Celsius Network (CEL)
$0.76
-10.93%
0x (ZRX)
$0.378578
-11.85%
Somnium Space CUBEs (CUBE)
$25.12
15.26%
Marinade staked SOL (MSOL)
$53.00
-11.95%
USDD (USDD)
$1.00
-0.02%
iExec RLC (RLC)
$4.43
3.79%
StormX (STMX)
$0.033770
4.03%
Orchid Protocol (OXT)
$0.53
-1.32%
Rocket Pool (RPL)
$19.39
-9.12%
DODO (DODO)
$1.14
-18.35%
Electroneum (ETN)
$0.017514
-11.29%
Bitkub Coin (KUB)
$3.50
-3.59%
Moonbeam (GLMR)
$1.14
-19.75%
Storj (STORJ)
$2.14
4.68%
Coin of the champions (COC)
$0.000001
25.93%
Alien Worlds (TLM)
$0.240512
-3.92%
Counterparty (XCP)
$16.41
9.87%
sBTC (SBTC)
$61,407.00
-0.74%
Ravencoin (RVN)
$0.028919
-9.20%
PlatON Network (LAT)
$0.130219
4.39%
Venus (XVS)
$26.21
1.29%
MiL.k Alliance (MLK)
$1.37
4.65%
OpenDAO (SOS)
$0.000008
11.03%
Hoge Finance (HOGE)
$0.000701
-3.60%
Bitcoin Diamond (BCD)
$1.58
0.84%
Ankr (ANKR)
$0.036375
-11.49%
Verge (XVG)
$0.017958
2.11%
Thoreum (THOREUM)
$0.136253
996.25%
Audius (AUDIO)
$0.415018
-12.70%
Circuits of Value (COVAL)
$0.164809
57.61%
Mango (MNGO)
$0.290404
20.62%
Bounce (AUCTION)
$40.09
11.29%
Evmos (EVMOS)
$1.43
-18.91%
Ampleforth (AMPL)
$1.00
17.08%
EDEN (EDEN)
$3.32
-5.68%
JUST (JST)
$0.039418
-8.81%
KardiaChain (KAI)
$0.094205
7.71%
TitanSwap (TITAN)
$2.87
0.68%
Wilder World (WILD)
$3.41
-3.99%
Convex CRV (CVXCRV)
$1.24
-10.19%
Tokamak Network (TON)
$7.07
7.81%
Reserve Rights Token (RSR)
$0.021342
4.60%
Klima DAO (KLIMA)
$205.37
-9.03%
Mdex (MDX)
$0.323660
12.53%
Tranchess (CHESS)
$7.53
163.66%
Tokemak (TOKE)
$17.11
-11.41%
SafeMoon (SFM)
$0.000500
12.16%
Dvision Network (DVI)
$1.11
-5.63%
Radicle (RAD)
$6.83
-10.85%
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