Crypto prices drop 5.28% in last 24 hours

The last 24 hours, the market for cryptocurrencies has slipped down. The global market cap has dropped by 5.28 per cent in the last 24 hours and is now $1.20 trillion as of 7: 30 AM IST, according to CoinMarketCap data.

The price of the digital currency is trading at $28,952, down by 2.40 per cent.

After a 10 per cent decline, the price of ether is at 1,752 and is in a big downtrend.

The USDT Tether hasn't changed its value in the last 24 hours.

TheUSDC stablecoins showed a 0.02 percent downward change and maintained its peg at $1.

The BNB token fell by a significant 8.55 per cent.

The XRP Ripple has fallen by 4.69 per cent in the last 24 hours.

BinanceUSD, a stable coin by the Binance exchange, showed a 0.06 per cent decline in its value.

The major top token slid down from their positions in the last 24 hours.

Terraform Labs will burn the remaining TerraUSD supply, according to the latest announcements.

In other news, JPMorgan started using the blockchain for collateral settlements.

Thailand has a 7 per cent VAT exemption on digital currency transactions through exchanges through the end of 2023.

Here is what the community has to say about 0, which is set to launch on May 27.