Bitcoin and Major Altcoins Suffer Dearly Amid Market Pullback as Coin Market Cap Settles at $240B

After almost two months of scaling upwards, the surge in the cryptocurrency market finally came to a halt on 23rd May. The market pullback saw the prices of Bitcoin and major altcoins suffer dearly and lost a combined total of $12 billion. While Bitcoin suffered a 4 percent dip in its prices taking its value to around $7,600, major altcoins suffered even bigger setbacks. Cardano (ADA) Cardano (ADA) was worst hit as its prices fell by 9.65% in the last 24 hours, followed by Stellar Lumens (SLM) and Bitcoin Cash (BCH). At the time of writing, ADA was trading at $0.074774 with a market cap of $1.93 billion. The trading volume of ADA in the last 24 hour also fell to $136 million. The altcoin has already lost 18.79% of its total market cap in the last 7-days. ADA token's biggest trading volume contribution came from ZBG exchange amounting to $67 million from the total $136 million. The second biggest contributor to Cardano's trading volume came from Huobi global exchange amounting to $38