Markets
Bitcoin and Ethereum Battle Market Crash, Pendle Soars
Cryptocurrency highs today saw mixed sentiment as Bitcoin (BTC) price remained above the $67,000 mark. Furthermore, Ethereum (ETH) price remained above the $3,100 level during the sideways action. Additionally, other major altcoins, such as Solana (SOL), gained while XRP and Cardano (ADA) declined significantly.
Top cryptocurrency prices today
1. Bitcoin Price
THE Bitcoin price rose 0.06% to $67,169.93 at the time of writing, Monday, May 20. On the other hand, the trading volume increased by 34.02% to $21.33 billion in the last 24 hours. The cryptocurrency’s market capitalization amounted to $1.32 trillion.
2. Price of Ethereum
THE Ethereum price it gained 0.37% to $3,131.46 at the time of writing, giving it a market valuation of $376.19 billion. While ETH saw its trading volume increase by 20.32%, reaching $10.23 billion.
3. Solana Price
THE Solana price has approached the $180 level, marking a significant milestone today. Solana price increased by 1.51%, settling at $177.63. Additionally, SOL recorded a 23.93% increase in trading volume to $2.73 billion in the last 24 hours.
4. XRP Price
While the XRP Price it extended below the $0.52 mark again. XRP price recorded a decline of 0.94% to $0.5173. On the other hand, XRP trading volume increased by 34.84% to $647.68 million.
5. Cardano Price
Meanwhile, the Cardano cryptocurrency price Today it fell 0.78% to $0.477. In contrast, ADA posted a 21.77% gain in 24-hour trading volume to $274.81 million.
6. Dogecoin and Shiba Inu price
THE Dogecoin price fell 1.79% to $0.1525 while its rival, Shiba Inu Price it fell 2.46% and traded at $0.00002429.
Read also: Crypto Market Analysis 5/19: Altcoin Recovery Stalls as BTC Settles at $67,000
Top cryptocurrency gains today
- Pendle (PENDLE): The Pendle price rose 6.74% to $5.29.
- Dogwifhat (WIF): The price of WIF cryptocurrency increased by 4.16% and was trading at $2.72.
- Gnosis (GNO): Gnosis price increased by 3.84% to $312.88.
- Shirt (LINK): LINK price rose 2.95% to $16.95.
Top cryptocurrency losers today
- Pyth Network (PYTH): The price of the PYTH cryptocurrency fell by 9.20% to $0.3955.
- Celestia (TIA): Celestia’s price fell 6% to $8.88.
- Akash Network (AKT): The price of the AKT cryptocurrency fell by 5.59% to $5.51.
- eCash (XEC): XEC price lost 5.32% to $0.00004983.
Bitcoin and Ethereum prices rebounded significantly in the span of 1 hour along with several altcoins. The gain in ETH may be in response to optimism over the approval of the Spot Ethereum ETF as the May 23 deadline looms ever closer.
Read also: Bitcoin Maxi highlights 5 reasons why BTC will reach $70,000 next week