In brief
#CoinMarketCap's Heat Map, updated as of May 31st 🔥
Finally seeing some green on the charts! 🟢 pic.twitter.com/gRMXF03Zi4— CoinMarketCap (@CoinMarketCap) May 31, 2022
$96,221.00
0.05%$2,681.52
2.12%$2.45
1.26%$706.32
9.12%$193.11
-1.69%$0.999903
-0.00%$0.258901
1.67%$0.782143
-0.37%$2,680.30
2.03%$0.239708
-1.01%$96,069.00
-0.01%$18.82
1.28%$3.53
7.51%$3,197.52
2.15%$25.68
2.29%$0.327261
3.03%$0.00001641
3.67%$3.70
-1.07%$122.30
4.50%$9.78
-0.70%$0.227207
1.24%$0.999272
-0.10%$25.51
7.56%$2,681.87
1.93%$5.15
5.70%$5.85
-5.61%$333.71
0.93%$0.99931
0.01%$9.73
3.06%$2,840.98
2.01%$5.41
-8.13%$1.36
0.61%$223.92
1.03%$0.00000981
1.86%$3.32
4.05%$27.26
-0.59%$254.41
4.14%$6.16
3.42%$1.034
1.77%$7.20
1.43%$16.98
11.27%$394.17
-1.59%$1.038
0.52%$21.12
3.01%$51.58
2.82%$23.16
4.67%$0.03437949
3.29%$0.320013
3.53%$0.097886
2.24%$0.09159
-0.16%$96,227.00
0.04%$0.291017
0.68%$4.50
1.79%$28.57
2.12%$0.841573
3.13%$4.99
7.55%$3.39
3.04%$0.486649
3.69%$0.783101
5.10%$0.999206
0.16%$96,478.00
0.29%$0.550859
17.63%$3.94
-0.04%$3.11
-0.58%$2,679.06
1.97%$1.78
13.16%$2,777.35
2.30%$199.70
-1.73%$1.11
4.31%$12.18
0.26%$15.22
8.63%$5.08
-1.76%$0.093261
2.31%$95,993.00
0.10%$0.958369
3.17%$0.460993
7.09%$0.801458
2.30%$1.38
3.65%$0.00001771
1.55%$93.93
7.08%$0.141936
2.27%$3,005.27
1.99%$1.32
0.57%$0.547988
2.16%$1.24
1.22%$2,832.38
2.05%$0.02112101
3.33%$0.997061
-0.04%$0.0222353
-0.39%$18.22
-0.43%$0.233069
2.29%$95,342.00
0.07%$0.02327775
3.08%$0.64302
1.58%$244.48
-1.80%$0.391347
2.10%$0.00009774
6.31%$0.89129
2.74%$26.98
5.16%$3.01
41.00%$2,777.37
2.18%$2.97
9.41%$0.238132
3.12%$0.00000087
0.39%$1.32
-0.74%$706.40
9.13%$1,001.31
3.76%$0.521208
2.56%$11.36
3.15%$0.02427006
15.25%$209.37
-1.80%$39.06
-0.40%$95,950.00
-0.09%$0.130818
-0.77%$1.23
5.89%$0.207424
3.80%$1.00
-0.00%$2,911.71
0.95%$4.38
1.04%$3.90
4.04%$0.738022
2.90%$0.52928
1.24%$2,828.56
2.18%$0.25862
1.49%$0.0103736
6.83%$23.25
2.53%$0.996537
0.05%$5.85
5.13%$2,681.69
1.97%$0.809934
3.52%$0.994945
-0.42%$0.0079682
13.70%$0.328945
2.41%$0.23607
-0.71%$2,934.27
0.93%$1.00
-0.03%$0.596551
1.35%$9.08
-1.42%$0.118022
4.63%$0.061569
2.96%$0.32016
3.58%$0.782064
5.01%$2,678.06
2.24%$0.01080338
6.44%$3.44
-2.29%$0.999648
0.01%$93,734.00
0.40%$2,681.87
1.91%$29.32
2.39%$0.492813
0.94%$2.08
-18.63%$0.0059806
-0.22%$0.734265
2.77%$0.487499
-0.48%$1.49
11.18%$33.01
3.72%$0.51941
-3.76%$0.075166
-0.72%$0.0000262
0.93%$0.17976
3.73%$0.539127
0.10%$56.96
1.54%$0.00894979
3.60%$0.997614
0.03%$0.430121
-3.80%$0.01102016
0.21%$0.00576522
0.79%$96,108.00
0.11%$95,531.00
-0.62%$1.92
1.00%$0.181662
0.23%$174.71
0.18%$96,037.00
0.14%$0.00000045
0.06%$1.98
1.76%$0.444313
-3.42%$84.39
0.19%$0.476591
3.32%$0.00007939
3.35%$0.0435758
0.76%$0.355546
2.20%$2,654.46
1.49%$25.85
4.60%$0.999507
-0.04%$1.71
6.31%$2,679.40
1.94%$1.003
0.68%$1.078
0.12%$2,922.43
2.09%$1.00
0.00%$0.955633
4.47%$0.107869
1.76%$2,679.97
1.94%$4.91
2.29%$0.271885
2.72%$1.077
0.09%$1.55
2.82%$0.372481
20.02%$6.69
-7.76%$2,814.67
1.73%$96,694.00
0.66%$0.36145
-4.95%$2,683.86
2.63%$0.354339
12.07%$2,899.26
1.92%$0.782192
4.98%$3.25
-3.69%$0.631894
9.52%$0.00116054
-1.54%$1.003
5.19%$0.805596
-0.47%$0.679374
4.75%$0.03398878
0.05%$27.52
3.42%$0.00449006
-2.41%$0.048779
0.25%$0.00077832
32.33%$3.49
-0.24%$20.51
3.14%$1,932.60
0.13%$2.96
2.46%$0.728556
3.02%$0.00000084
3.57%$0.00380668
-1.75%$1.01
0.72%$0.322409
22.35%$0.00308171
10.16%$0.754859
-1.06%$96,064.00
0.02%$0.140463
3.54%$8.09
4.90%$0.04028613
3.05%$27.87
-6.05%$0.00171707
-1.70%$0.03144306
-5.96%$0.04459602
2.14%$109.95
0.01%$0.0150305
2.85%$0.2908
1.22%$2,780.60
2.08%$0.00630899
2.15%$2,897.54
1.81%$0.01338706
6.64%$0.00
9.16%$0.00283386
-0.60%$2,970.87
2.11%$0.99887
-0.03%$0.18435
1.34%Bitcoin and Ethereum, the top two cryptocurrencies by market capitalization, saw a 5% jump in price in the last 24 hours as the crypto market struggles to recover from the spectacular crash following the collapse of the TerraUSD stablecoin, with Bitcoin briefly reclaiming $32,000 before falling again.
#CoinMarketCap's Heat Map, updated as of May 31st 🔥
Finally seeing some green on the charts! 🟢 pic.twitter.com/gRMXF03Zi4— CoinMarketCap (@CoinMarketCap) May 31, 2022
Currently, Bitcoin is trading at $31,790 per coin, up by $1,090 in the last 24 hours. Today marks a three-week high for Bitcoin; the last time Bitcoin was over $32,000 was May 9, according to data from CoinMarketCap.
The price of Ethereum has seen its price fall below $2,000 several times since May 21. Currently, Ethereum is trading at $1,942, up by $20.50 according to CoinMarketCap.
The price of Ethereum continues to hover just over $1,940 as it readies for “The Merge,” a long-planned blockchain upgrade set for August that will transition Ethereum from a power-hungry proof-of-work system to a more environmentally friendly proof-of-stake mechanism.
Across the board, the cryptocurrency market has been in a slump since March 8, when TerraUSD lost its peg to the U.S. dollar. Despite seeing green today, Bitcoin is down 53% from its all-time high of $68,789 on November 10, and Ethereum is down 60% from its all-time high of $4,891 on November 16.