The cryptocurrency industry lost 2% of the global market capitalization per day

on May 31, 2023, the cryptocurrency industry lost 1.9% of its market capitalization and at the time of writing this news, it stands at $ 1.13 trillion. Over the past day, almost all leading digital coins have declined in value. Nevertheless, several virtual currencies from the top 100 managed to demonstrate an increase in value and bring short-term profits to their investors.

The best result was recorded by market analysts in The Graph (GRT). The digital currency gained 3.7% and is trading at $ 0.013. The market capitalization of the asset is $ 1.17 million. Traders made daily trading deals worth $ 64.79 million. At the same time, experts noted that the price of the virtual coin is now 95% lower than the historical maximum of $ 2.74.

XRP (XRP) took the second place in the profitability ranking. The virtual coin has overcome an important psychological mark of $ 0.5, which is 3.5% higher than yesterday. The market capitalization of the digital currency has reached $ 26.91 billion. The amount of transactions over the past 24 hours amounted to $ 2.19 billion. XRP is still trading 87% below its peak of $ 3.32.

Finally, the Quant cryptocurrency (QNT) gained 3.45% over the past day. Today, the virtual coin is trading at an average price of $ 114.97 with a market capitalization of $ 1.38 billion. Daily transaction volumes exceeded $ 23.53 million.

As for the flagship cryptocurrency BTC $56,501.78 Bitcoin -2.28% Market capitalization $1.11 trillion VOL. 24 hours $4.4 billion , according to CoinMarketCap, bitcoin is worth $ 27,176, down 2.1% from 24 hours ago. The market capitalization of digital gold is $ 570 billion, and daily trading transactions have reached $ 15.6 billion. The market share of BTC is 46.3%.

Over the past day, the leading altcoin ETH $2,983.11 Ethereum -4.34% Market capitalization $358.56 billion VOL. 24 hours $2.64 billion has dropped by almost 1.5% and is trading at $ 1,870. The total supply of coins circulating on the market amounted to $ 224 billion, and the volume of trading operations was $ 6.2 billion.