Cryptocurrency Prices Today May 31: Bitcoin, Ether rise; Cardano biggest gainer

Cryptocurrency Prices Today May 31: Bitcoin, Ether rise; Cardano biggest gainer

Major cryptocurrencies traded in the green early on May 31 as the global crypto market cap increased 5.81 percent to $1.31 trillion over the last day





May 31, 2022 / 08:57 AM IST





(Representative Image)



Major cryptocurrencies traded in the green early on May 31 as the global crypto market cap increased 5.81 percent to $1.31 trillion over the last day. On the other hand, the total crypto market volume over the last 24 hours increased 80.30 percent to $92.89 billion.

The total volume in DeFi stood at $$8.25 billion, 8.88 percent of the total crypto market 24-hour volume. The volume of all stable coins was $81.67 billion, which is 87.92 percent of the total crypto market 24-hour volume.

Bitcoin traded above Rs 25 lakh. The market dominance of the world's largest cryptocurrency increased 21.14 per cent to 45.96 percent over the last day, according to data from CoinMarketCap.

Notably, Bitcoin rose 7.93 percent to $31,780.51 at 2200 GMT on May 30, up $2,334.8 from its previous close. The world's biggest and best-known cryptocurrency is up 25.1 percent from the year's low of $25,401.05 on May 12.

Ether, the coin linked to the Ethereum blockchain network, rose 9.8 percent to