Crypto On May 24: Top Tokens Trade In Red After A Splash Of Green

The cryptocurrency market turned red Tuesday, a day after trading in the green. However, a recent report has noted that the trust of investors has not been shaken amid the uncertainty that the market has been through recently.

The global market cap was down 3.71 percent at $1.26trillion, as of 6.07 a.m. ET, CoinMarketCap data showed.

Bitcoin was down 3.81 percent at $29,281. Ethereum, too, dipped 4.67 percent to $1968. Barring a slight rise in Binance, all other top 10 coins plunged. Meme cryptos Shiba Inu and Dogecoin too dipped.

The recent uncertainty of the crypto market has not shaken the trust of investors. In a recently released report from Coinshare, digital-asset funds saw the year's second-largest outflow during the week through May 20 as investors pulled out some $143 million.

On this, CoinDCX said, "The price crash in cryptocurrencies and equity markets were primary drivers, which led to a massive shake-up in near-term confidence of risk assets. On a longer-term, however, support for the crypto industry remains strong, with the continued entry of legacy institutions into the sector as a sign of the industry’s ongoing march towards maturation."

In other news, Dubai's cryptocurrency exchange Coinsfera has brought an easy method to buy properties, including villas, apartments, or any other kind of property in the city, through Bitcoin.

The crypto market is extremely volatile and experts recommend not making decisions based on the market volatility.