In brief
We do the research, you get the alpha!
#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
$62,846.00
-2.03%$3,111.43
-0.71%$6.72
-2.08%$593.98
-2.48%$136.01
-5.11%$0.998962
-0.10%$3,110.21
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-2.41%$0.145519
-3.36%$5.26
-2.47%$0.459095
-3.57%$0.00002486
-2.80%$34.27
-3.47%$0.118972
1.49%$62,878.00
-2.05%$475.07
-0.36%$14.18
-3.60%$7.20
-3.11%$87.45
2.26%$0.696835
-3.58%$13.02
-4.69%$7.66
-2.04%$5.76
0.27%$0.997519
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1.65%$0.107591
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-1.32%$2.53
-4.05%$1.077
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-0.37%$25.67
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-2.01%$31.19
-7.32%$2.26
-1.68%$0.703215
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1.24%$0.02608221
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-3.05%$0.00000137
3.05%$88.69
-1.52%$0.971236
-4.95%$65.50
-0.21%$17.59
0.01%$3,128.92
-0.22%$0.03029792
-1.37%$0.815934
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-3.52%$0.00005113
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-1.99%$12.44
-4.47%$1.007
-0.37%$9.92
-2.66%$0.826009
1.82%$2.19
-14.70%$2.86
-3.00%$0.237177
-6.56%$4.68
-3.32%$0.832626
-2.07%$16.01
-1.68%$0.01809667
-3.07%$41.27
-1.96%$2.71
-8.71%$0.569479
-4.07%$326.19
-1.40%$0.451808
-2.23%$1.14
-2.98%$161.59
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-0.35%$0.693325
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-2.21%$0.00000029
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-1.75%$1.93
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1.85%$0.379276
-2.49%$33.81
-0.50%$1.36
-5.29%$2,341.82
0.21%$1.61
-5.08%$3,321.47
-0.71%$0.700611
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-3.93%$0.897405
-5.49%$0.03781579
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-0.22%$0.431913
-1.38%$3,362.60
-0.91%$0.492152
27.26%$4.98
-0.89%$0.04884141
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-4.65%$0.00000048
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1.06%$0.03203912
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-16.86%$21.22
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-3.06%$1.53
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0.38%$3,195.86
-0.58%$0.256431
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-3.27%$23.01
-0.76%$0.376645
-1.84%$0.0393286
-21.65%$20.83
-5.66%$0.03696588
-2.21%$0.678075
-1.48%$0.03426094
-0.36%$0.02654186
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-4.32%$0.25522
-3.01%$7.90
-0.80%$0.726308
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-2.87%$0.00600039
-3.82%$29.63
-2.83%$0.996866
-0.22%$0.00
-4.51%$2.03
0.84%$26.73
-1.58%$2.37
-2.84%$1.14
-6.22%$3,260.98
-0.98%$0.306035
-5.14%$65.05
-0.30%$29.11
-1.91%$0.00344148
-3.42%$3.08
-5.74%$39.20
-3.00%$0.283406
-3.24%$26.77
-0.90%$0.149484
-5.60%$0.308584
-3.02%$0.250966
-1.99%$5.38
3.15%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.