Cryptocurrency Prices Today May 20: Bitcoin, Ether recover, XRP up over 3%; Tether in red

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Most cryptocurrencies recovered on May 20 as the global crypto market cap rose 3.09 percent to $1.28 trillion over the last day. On the other hand, the total crypto market volume over the last 24 hours rose 0.57 percent to $82.19 billion.

The total volume in DeFi stood at $7.42 billion, 9.03 percent of the total crypto market 24-hour volume. The volume of all stable coins was at $73.18 billion, which is 89.04 percent of the total crypto market 24-hour volume.

Bitcoin traded at Rs 24.48 lakh. The dominance of the world's largest cryptocurrency increased marginally by 0.13 percent to 44.82 percent over the last day, according to CoinMarketCap data.

In other news, a new study says that a lack of knowledge of cryptos, massive fluctuations in their value, and a perception that digital currencies are part of a scam have prevented more people from investing in cryptos.

Members of Gen Z, the generational cohort following the millennials and dubbed digital natives, say more government regulation and crypto law enforcement are most likely to convince them to buy cryptocurrencies, said the study by CouponFollow, a digital coupon company.

As of 9:15 am on May 20, these are the prices of largest cryptocurrencies (data from WazirX):

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