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
$69,461.00
-1.29%$2,512.99
-0.17%$572.45
-0.71%$165.93
-1.70%$0.999943
0.01%$0.513179
0.76%$2,512.02
-0.14%$0.159183
-1.75%$0.167345
-0.39%$0.35628
4.14%$4.89
1.19%$2,969.08
-0.49%$0.00001756
-2.19%$69,386.00
-1.44%$24.76
-1.36%$2,513.21
-0.22%$11.26
-1.69%$349.32
-2.68%$0.999761
0.68%$1.99
0.49%$6.06
-0.59%$3.90
-1.47%$70.20
1.39%$3.92
-3.31%$8.90
-2.43%$7.56
-0.60%$2,642.19
-0.18%$0.00000889
-2.76%$7.80
-0.56%$462.57
-4.50%$1.23
-4.78%$0.116492
1.69%$155.93
-0.33%$0.09296
0.51%$18.46
-0.82%$1.00
0.14%$19.00
1.41%$0.998485
0.19%$0.31781
-0.91%$1.60
-2.89%$38.08
-0.38%$2.21
-7.43%$141.61
-1.43%$0.519198
-1.56%$3.46
-2.18%$0.073284
0.44%$0.576383
-3.66%$5.68
0.93%$1.52
-5.40%$1.11
-7.73%$4.69
-1.78%$18.68
-2.13%$4.53
-7.29%$0.638634
-2.65%$0.04553013
-1.79%$0.02062363
-2.77%$4.16
-1.68%$1.13
-0.41%$2,512.28
-0.20%$1.50
-4.04%$0.378129
-2.23%$1.43
1.81%$0.145105
-1.52%$0.373348
-0.66%$0.00001923
-5.08%$2,797.09
-0.96%$0.00013495
-2.89%$0.959276
-0.98%$2,626.26
-0.36%$1.88
-2.44%$1.11
-1.35%$1,263.94
-0.47%$8.57
0.43%$6.28
-0.67%$8.95
0.80%$69,357.00
-1.41%$0.366854
0.31%$49.83
-4.41%$0.667859
-3.66%$14.55
-5.63%$0.114017
-0.26%$1.029
-1.11%$69,479.00
-1.38%$204.15
-1.69%$2.69
-0.12%$3.37
4.09%$0.087875
-2.92%$2,576.69
-0.11%$0.0166621
-1.72%$0.01748012
-1.53%$58.04
-1.77%$0.00940428
3.68%$0.317769
-0.87%$0.00000085
-2.11%$0.134273
-6.74%$0.507027
-0.76%$0.850444
-3.76%$1.15
0.31%$4.82
0.88%$9.62
2.70%$2,509.63
-0.20%$0.365848
-1.44%$0.0192029
-2.32%$0.999512
0.16%$0.00000188
-6.53%$1.014
1.12%$0.785665
0.61%$69,545.00
-0.48%$4.67
-1.92%$32.97
-2.02%$2,742.79
-0.20%$69,342.00
-1.38%$0.999996
-0.01%$0.00003372
-3.34%$0.00648839
0.06%$0.0130656
-1.79%$9.34
-2.05%$0.433725
-1.70%$0.999891
-2.57%$69,392.00
-1.25%$0.996112
0.16%$0.994717
1.52%$23.27
-0.72%$0.628098
-0.37%$0.139637
-2.91%$174.28
-1.80%$0.00146466
-9.03%$0.063113
23.82%$0.513179
-2.17%$2,513.59
-0.08%$2,576.83
-0.15%$2.38
0.79%$0.00849073
-1.56%$0.243872
0.15%$0.21461
-3.96%$1.29
0.73%$37.97
3.10%$0.690697
-2.96%$0.999643
0.10%$16.62
-1.21%$0.01218879
-2.72%$0.00792438
-3.32%$2,744.76
-0.19%$0.539628
1.26%$0.287338
-0.48%$0.05876
-0.62%$1.065
-4.87%$204.04
2.68%$2,513.21
-0.32%$0.00008917
-2.90%$0.076172
3.46%$1.39
-5.04%$0.995531
0.43%$1.66
2.06%$2,719.34
-0.24%$0.426694
-1.07%$0.00000023
-3.98%$1.73
-2.21%$0.129577
-0.14%$2.51
-8.73%$0.99886
-2.75%$1.38
-0.56%$7.85
-1.08%$0.00000044
-1.07%$0.064139
-1.29%$0.432638
30.04%$0.212239
-2.92%$0.992953
0.55%$2,495.42
-1.66%$1.002
0.15%$0.02707243
-1.05%$1.066
0.04%$2,511.55
-0.41%$1.062
0.05%$69,409.00
-1.45%$0.052781
-0.96%$22.26
-2.62%$0.110555
-0.82%$0.00378026
-5.81%$42.31
-1.78%$2,512.45
-0.30%$0.03906428
-3.63%$1.001
0.09%$2,513.18
-0.29%$10.29
-2.85%$0.124925
-2.23%$3.26
-2.09%$0.069758
-3.05%$0.998888
0.07%$0.00
-8.15%$0.322066
-1.53%$0.051536
-1.37%$0.0115673
-5.89%$1.40
30.70%$1.48
1.94%$0.65158
-5.03%$167.59
-1.80%$86.18
0.25%$6.72
-4.57%$0.599498
-2.98%$0.676269
-1.15%$0.179136
-5.41%$3.04
-2.23%$2,696.01
-0.21%$0.0061587
0.43%$2.66
5.78%$2,625.29
-0.03%$0.415233
-3.39%$0.24339
-1.14%$0.752119
-3.25%$0.302414
-0.91%$0.00058588
0.19%$0.311253
9.72%$0.247598
-2.05%$2,752.86
-0.48%$1.41
-4.75%$0.158491
-1.85%$0.293303
-1.01%$0.02922669
-0.97%$0.00358426
-2.55%$1.40
-3.21%$2.25
-1.38%$0.00162619
1.12%$69,332.00
-1.72%$1,394.73
-1.31%$0.402365
-2.82%$2.77
-6.46%$2,657.55
-0.45%$0.093869
5.63%$69,470.00
-1.34%$6,632.75
5.55%$0.30879
-3.16%$3.50
-1.07%$0.490781
0.66%$22.34
0.66%$0.01389453
0.05%$2.72
-2.05%$0.310582
-2.37%$3.11
0.31%$0.00448442
-0.79%$16.39
-1.21%$69,426.00
-1.93%$0.349226
0.17%$15.82
0.13%$6.38
0.85%$0.088925
-3.48%$40.54
-1.70%$0.138228
-1.66%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.