Altcoin
Bitcoin At $57K, Ethereum Continues Decline, Solana Recovers
The top crypto prices today witnessed continued declines as the Bitcoin (BTC) price plunged to the $57,000 level. In addition, the Ethereum (ETH) price geared up for a dip below the $2,900 mark, losing hold on a crucial level. However, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) rebounded significantly, defying the bearish turn.
Major Crypto Prices Today
1. Bitcoin Price
The Bitcoin price plunged by 4.43% reaching $57,419.91 at the time of writing on Thursday, May 2. On the other hand, it’s trading volume soared 30.72% to $49.54 billion in the last 24 hours. Whilst, the crypto’s market capitalization slipped to $1.13 trillion.
2. Ethereum Price
The Ethereum price lost 2.86% to $2,912.84 at press time with a market valuation of $355.33 billion. Whilst, ETH saw its trading volume surge 12.01%, reaching $20.16 billion.
3. Solana Price
The Solana price rebounded and inched closer to the the $130 mark today. The Solana price gained 2.75%, settling at $129.31. In addition, SOL witnessed a 19.65% surge in trade volume to $4.16 billion in the last 24 hours.
4. XRP Price
Whilst, the XRP price surged past the $0.51 level. The XRP price recorded a gain of 1.75%, reaching $0.5113. On the other hand, XRP’s trading volume spiked 30.32% to $1.78 billion.
5. Cardano Price
Meanwhile, the Cardano crypto price was up 0.66% to $0.4445 today. Whilst, ADA recorded a hike of 28.11% in its 24-hour trading volume, settling at $533.30 million.
6. Dogecoin & Shiba Inu Price
The Dogecoin price slipped 5.41% to $0.125 while its rival, Shiba Inu price was down by 1.98% and traded at $0.00002168.
Also Read: Crypto Market Recovery? US Treasury Announces $125M Refunding, Buyback Plan
Top Crypto Gainers Today
- Axelar (AXL): The Axelar crypto surged 8.11% and traded at $1.17.
- Polkadot (DOT): The DOT crypto price rallied 5.22% to $6.86.
- EOS (EOS): The EOS crypto price was up 3.33% and was valued at $0.7813.
- Optimism (OP): The TRX crypto price rose 2.97% to $2.66.
Top Crypto Losers Today
- Helium (HNT): The HNT price plummeted 7.84% to $4.95.
- Toncoin (TON): The Toncoin price plunged 6.60% to $4.72.
- Cronos (CRO): The CRO crypto slumped 6.28% to $0.1233.
- Sei (SEI): The Sei price witnessed a dip of $0.5098 to 6.02%.
Despite the bearish turn, Solana, Dogwifhat, and Pepe made it to the top gainers list today. However, millions worth of crypto liquidations were noted in the past 24 hours, which could have expedited the latest crash for BTC and ETH. According to Coinglass, Bitcoin alone witnessed $145.55 million liquidations in the last 24 hours. Out of this, $109.13 million has been attributed to longs.
Also Read: 3 Trending Altcoins To Buy Making You Rich In 2024 Bull Run
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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