Altcoin
Bitcoin Rallies Past $63K As ETF Inflows Regain Momentum
The top crypto prices today extended the rebound frenzy as the Bitcoin (BTC) price surged past the $63,000 level. In addition, the Ethereum (ETH) price mirrored the sentiment and sustained above the $3,100 mark. Moreover, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also gained notably.
Major Crypto Prices Today
1. Bitcoin Price
The Bitcoin price soared by 5.86% reaching $63,030.40 at the time of writing on Saturday, May 4. On the other hand, it’s trading volume surged 8.32% to $32.62 billion in the last 24 hours. Whilst, the crypto’s market capitalization climbed to $1.27 trillion.
2. Ethereum Price
The Ethereum price rallied 3.87% to $3,117.60 at press time with a market valuation of $374.48 billion. Whilst, ETH saw its trading volume drop 0.75%, reaching $12.37 billion.
3. Solana Price
The Solana price recovered significantly and surpassed the the $140 mark today. The Solana price surged 3.72%, settling at $145.04. In contrast, SOL witnessed a 3.66% dip in trade volume to $3.17 billion in the last 24 hours.
4. XRP Price
Whilst, the XRP price neared the $0.53 level. The XRP price recorded a gain of 1.71%, reaching $0.5297. On the other hand, XRP’s trading volume jumped 10.52% to $1.11 billion.
5. Cardano Price
Meanwhile, the Cardano crypto price was up 2.56% to $0.4682 today. Whilst, ADA recorded a decline of 2.45% in its 24-hour trading volume, settling at $323.55 million.
6. Dogecoin & Shiba Inu Price
The Dogecoin price rallied 12.17% to $0.1502 while its rival, Shiba Inu price was soared 7.80% and traded at $0.00002495.
Also Read: Top 5 Reasons Why Bitcoin Price Recovery Is Confirmed
Top Crypto Gainers Today
- Nervos Network (CKB): The CKB crypto surged 18.70% and traded at $0.01872.
- Dogwifhat (WIF): The Dogwifhat meme crypto price rallied 17.62% to $3.31.
- Floki (FLOKI): The Floki crypto price was soared 17.11% and was valued at $0.0001957.
- Stacks (STX): The STZ crypto price rose 13.98% to $2.39.
Top Crypto Losers Today
- Helium (HNT): The Helium price lost 2.50%% to $5.37.
- Sui (SUI): The Sui price dipped 2.10% to $1.10.
- Ondo (ONDO): The Ondo crypto dropped 0.78% to $0.8199.
- Polkadot (DOT): The DOT price was down 0.39% to $7.18.
The recent rebound in the Bitcoin price could be largely attributed to the resurgence of ETF inflows. On Friday, May 3, the Spot Bitcoin ETFs recorded a massive influx of $378 million. Moreover, the Grayscale Bitcoin Trust (GBTC) witnessed the first day of positive flow with $63 million net inflow.
Also Read: Dogwifhat Price Analysis: Is WIF Going To $10 In May?
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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