The total market capitalization of cryptocurrencies has seen an inflow of $ 57 billion, with some mid-cap stocks producing double-digit profits. Meanwhile, large caps also benefited from Cardano and Solana making the most important profits in the top ten.
Since May 28, inflows have steadily increased market capitalization, rising sharply in the early hours of May 30, reaching a peak of $ 1.276 trillion, up 12% from the local bottom on May 12. did.
Bitcoin has returned to over $ 30,000
Following the TerraUST Stablecoin crash this month, the crypto market has plummeted. During this period, market capitalization traded between $ 1.138 and $ 1.328 trillion, and experts call recent price behavior a strong winter proof of cryptocurrencies.
Nonetheless, the bull raised Bitcoin by + 6%, surpassing the psychological $ 30,000 level for the first time since a week ago.
However, Cardano was the largest top 10 winner in the last 24 hours, up 12%, followed by Solana by 9% over the same period.
Midcaps are the most beneficiary in percentage, Waves has increased by 37% in the last 24 hours, recording the largest increase in the top 100, followed by projects to move to revenue. STEPN, 27% increase. Helium increased by 19% to occupy the third highest position.
Cryptographic recovery?
Macro economist Henrik Zeberg We expect the crypto market to build on this bailout rally and “surge” [in the] Next few weeks to months. “
His hope is that the “Rambo Man and Expert”, who was mostly absent during this drawdown, will regain his strength.
However, the macro factor eventually reverts and causes another crash. Adding that crypto guess is at the heart of all this bubble.
# Cryptography hangover?
That said … cryptography will skyrocket in the coming weeks and months. All sit coins will fly again. Lamborghini guys and experts come out again 🤦♂️
Remember-whatever this story is-ciphers are just speculation that defines this market bubble. pic.twitter.com/GxbNjHTm76
— Henrik Zeberg (@HenrikZeberg) May 30, 2022
@Aurelien Ohayon The case of Bitcoin’s 50% decline since October 2019 is constantly posting important rallies.
@AurelienOhayon expects a significant bull run or full recovery from this point, based on a local bottom of $ 26,800 (down -44%) on May 12 from a peak of $ 48,000 in late March. increase.
Similarly, @IamCryptoWolf Despite poor investor sentiment, Bitcoin prices are “laying the bottom of a reversal,” tweeted.
