What happened on the crypto market while everyone was asleep – overview of May 19

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Bitcoin and Ethereum are declining after a growth attempt, the U.S. Federal Reserve plans to discuss the possibility of issuing a national digital currency, the number of search queries on crypto market – related topics has increased dramatically – these and other news you will find in our morning review.

Bitcoin (BTC) rose on Friday morning. The cryptocurrency briefly broke through the $42,000 level, but then corrected to its current level of $40,764 (as of 06:27 MSK).

The second most capitalized cryptocurrency, Ethereum, also rose slightly on Wednesday, but soon resumed its decline. As of the moment of writing this news ETH is trading at $2799.

The leader in the growth of the top 10 over the past 24 hours was the Internet Computers token (+35.72%). During the week, all crypto market from the top 10 of the capitalization ranking, except for Tether stabelcoin, were losing value. The largest losses were recorded by Internet Computers (-48.85%).

In the top 100, the best growth result for the day was recorded for the already mentioned Internet Computers, for the week – for Polygon (+57.91%). All cryptocurrencies from the top 100 grew during the last 24 hours. SHIBA INU (-49.80%) recorded the largest losses for the week.

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Top news on the morning of May 21
Google search volumes for cryptocurrency-related topics are renewing their highs. This was reported by The Block, citing GoogleTrends data. For example, the volume of search queries for the word “cryptocurrency” renewed the absolute maximum of three years between May 9 and May 15.

The Figure credit platform raised $200 million. After the next round of funding, the estimated value of the startup rose to $3.2 billion, information about this appeared in the project’s press release. The round was led by 0T Holdings and Morgan Creek Digital. The project also managed to attract investments from Digital Currency Group, Ribbit Capital, DCM and DST Global.

The U.S. Federal Reserve plans to release a paper to discuss the potential launch of the digital dollar. Information about it appeared in a press release from the regulator. The document is scheduled to be released this summer. The press release says that the publication will complement the Federal Reserve’s research on the possibility of launching the U.S. national digital currency.

Recall, earlier in the network there was information that unknown persons stole $200 million from PancakeBunny.

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