Crypto Crash News Update (May 19): Top cryptocurrency prices of the world decline up to 12%; Altcoins bleed

Crypto Crash News and Top Cryptocurrency Prices Today in India (May 19, 2022): The global crypto market cap continued to shrink further in the last 24 hours amid a prevailing sentiment of “extreme fear”. At the time of writing, global crypto market cap dropped to $1.24 trillion from the $1.29 trillion recorded on Wednesday, as per data on CoinMarketCap. Bitcoin price has also crashed to below $29,000 level. 

The global cryptocurrency market volume over the last 24 hours increased by 3.44% to $80.00 billion. The total volume in DeFi was $7.31 billion, which is 9.12% of the total crypto market 24-hour volume. Stable coins volume was $70.33 billion, which is 87.68% of the total crypto market 24-hour volume. 

Bitcoin price dropped below the $29,000 level, falling 3.35 percent in the last 24 hours.