Most Major Coins See Red as Market Corrects Downward, Gold in the Green

Published on by Cointele | Published on

Thursday, May 30 - Bitcoin, ether, and Ripple are down as the crypto market sees a major correction following this morning's rally.

Nearly all of the top 50 cryptocurrencies are in the red at press time, according to data from Coin360.

The leading cryptocurrency currently has a market cap of $147.8 billion at press time.

The altcoin ETH is currently down by 4.75% and is trading at $257.53 at press time.

Ripple's token XRP, the third largest coin by market capitalization, is down by 5.28% and is trading at $0.421.XRP 24-hour price chart.

At press time, total market capitalization is over $263 billion.

Total market capitalization of all cryptocurrencies 7-day chart.

According to data provided by MarketWatch, gold remains in the green at press time, trading at $1,295.

40 and trending up by 0.22%. The S&P 500 also remains unaffected by the crypto market's downward trend on the day, with a closing price of $2,788.

"Yet even a greater number of coins are currently being held by hodlers who will not be willing to part with them for any price. Realistically speaking, there are probably less than five million coins actually circulating at the moment."

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