Cryptocurrency (Representational image)
The cryptocurrency market lost nearly $1 trillion in market capitalisation on May 19 after a crash in major digital currencies such as bitcoin and ethereum.
Reuters reported that both bitcoin and ethereum saw their biggest single-day fall since March 2020, when the pandemic began.
Also read: Bitcoin plunges: A bust or a buy?
Tesla founder Elon Musk had put out a cryptic tweet using emojis to hint that the electric vehicle maker will not sell its bitcoin holding.
Bitcoin had plunged as much as 28.5 percent from its previous close, to $30,681.50, according to data available on coinmarketcap.com.
Take a look at how the 15 largest cryptocurrencies performed on May 19, according to data from coinmarketcap.com.
> Bitcoin: Closing price - $37,002.44 (-13.76 percent)
> Ethereum: Closing price - $2,460.68 (-27.2 percent)
> Tether: Closing price - $1 (No change)
> Binance Coin: Closing price - $339.03 (-33.26 percent)
> XRP: Closing price - $1.07 (-32.7 percent)
> Cardano: Closing price - $1.48 (-26 percent)
> Dogecoin: Closing price - $0.33 (-31.24 percent)
Also read: Cryptocurrency bloodbath | Global market cap drops by $177 billion as bitcoin and ethereum continue to nosedive
> Polkadot: Closing price - $25.23 (-37.93 percent)
> Internet Computer: Closing price - $124.28 (-24.38 percent)
> Bitcoin Cash: Last Closing price - $706.80 (-35.24)
> Uniswap: Closing price - $23.43 (-33.19 percent)
> USD Coin: Closing price - $1.00 (No change)
> Litecoin: Closing price - $189.52 (-35.67 percent)
> Chainlink: Closing price - $26.70 (-37.25 percent)
> Polygon: Closing price - $1.66 (-32.24 percent)(Data in range, taken as per UTC time. Percentage change calculated by comparing closing prices on May 18 and 19. Placed in order of market capitalisation at 2.50 pm IST.)