In today’s crypto news global, the best-known crypto token Bitcoin’s price took a nosedive on Thursday after stocks retraced gains made following yesterday’s Federal Open Markets Committee Meeting. The price fell to $36,520, which is the asset’s lowest price since Russia invaded Ukraine.
Blockchain platform Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks.
In today’s NFT global news, Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase.
Before diving into today’s news in detail, let’s take a collective look at the crypto market!
CRYPTO PRICES TODAY
| Price Trend | Price for May 06, 2022 | Percentage change |
| The global cryptocurrency market cap | $1,670,826,622,853 | – |
| The total crypto market volume | $115,823,234,738 | – |
| Bitcoin Price | $36,436.53 | – 7.95% |
| Ethereum Price | $2,743.28 | -6.42% |
*All prices are latest by 11:15 AM, 06 May 2022.
TOP GAINERS AND LOSERS TODAY
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Anchor Protocol(ANC) | INR 175.66 | +18.06% |
| 1Inch(!INCH) | INR 106.53 | +4.72% |
| USD Coin | INR 81.05 | +1.81% |
*All prices are latest by 11:15 AM, 06 May 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| Kyber Network (KNC) | INR 239.03 | -19.21% |
| Zilliqa(ZIL) | INR 6.23 | -17.80% |
| Tron(TRX) | INR 5.97 | -15.38% |
*All prices are latest by 11:15 AM, 06 May 2022.
Crypto News Global
Bitcoin Crashes Below $37K to 2.5-Month Low: Over $100M Liquidated In One Hour
Bitcoin’s price took a nosedive on Thursday after stocks retraced gains made following yesterday’s Federal Open Markets Committee Meeting (FOMC). It fell to $36,520 – the cryptocurrency’s lowest price since Russia invaded Ukraine. The crash appears to have coincided with a liquidation cascade. Coinglass reports $146 million in crypto liquidations within the past hour alone, with $68 million in Bitcoin losses.
Source: CryptoPotato
Polkadot launches cross-chain messaging system to solve blockchain’s bridge problem
Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks. Bridges have become one of the largest points of failure in the crypto industry. Polkadot wants to do away with them. The newly launched XCM messaging system is intended to promote Polkadot’s multichain ecosystem, which is being built on the premise of full interoperability.
Source: CoinTelegraph
NFT News Global
Solana and Moonbirds help NFT market reach $6.3B monthly trading volume
According to DappRadar’s monthly report, the NFT market recorded a multimonth trading volume high of $6.3 billion in April, surging 23% from March and breaching the $6 billion mark for only the third time in its history. Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase. Moonbirds contributed half a billion in trading volume in April, while Solana registered a 91% surge in NFT trading volume month over month.
Source: CoinTelegraph
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| Audius (AUDIO) | $603,107,008 | 713,381,683.00 AUDIO |
| JasmyCoin (JASMY) | $90,530,704 | 4.75B JASMY |
| Waves (WAVES) | $1,369,462,677 | 108,144,814.00 WAVES |
| Mina (MINA) | $821,576,611 | 482,124,303.84 MINA |
*All prices are latest by 11:15 AM, 06 May 2022.
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