Crypto Prices Today May 17: Bitcoin & Ethereum Retreat, Chainlink Rallies 13% - August 2024

As an experienced cryptocurrency analyst, I have closely monitored the market trends and price movements of various digital assets today. Based on the provided data, it appears that while Bitcoin (BTC) managed to sustain above the $65,000 mark, other top altcoins like Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), and several others experienced notable declines.

Today’s cryptocurrency market saw most prices decrease, but Bitcoin (BTC) held its ground above $65,000. In contrast, Ethereum (ETH) dipped below the $3,000 threshold. Furthermore, significant declines were observed in other leading altcoins like Solana (SOL), XRP, and Cardano (ADA).

Major Crypto Prices Today

1. Bitcoin Price

As a financial analyst, I’ve observed an impressive surge in Bitcoin’s price today, May 16, with a 6.38% increase that took it to a new height of $65,835.21. Simultaneously, the trading volume experienced a significant leap, rising by a substantial 59.83% to an impressive $41.96 billion within the last 24 hours. Additionally, Bitcoin’s market capitalization remained steady at a staggering $1.29 trillion.

2. Ethereum Price

As a crypto investor, I’ve observed a noteworthy surge in Ethereum’s price today. It rallied an impressive 3.69% to hit $3,009.62 at the time of this writing. This uptick bumped up Ethereum’s market capitalization to a substantial $361.51 billion. Additionally, Ethereum’s trading volume experienced a significant boost, reaching an impressive $15.57 billion, marking a 29.61% increase.

3. Solana Price

The price of Solana surged past the $160 mark today, rekindling its bullish trend, and ended up at $143.90, representing a significant increase of 13.33%. Furthermore, there was a substantial surge in Solana’s trading activity, with a massive 70.42% jump in volume to reach $4.22 billion within the past 24 hours.

4. XRP Price

As the XRP price approached $0.52 once more, it experienced a significant increase of 3.24%, touching $0.5185. Concurrently, XRP’s trading volume demonstrated a substantial growth of 11.78% to reach $1.19 billion.

5. Cardano Price

Concurrently, the price of Cardano crypto rose by 7.05%, reaching $0.4595 today. Simultaneously, ADA‘s trading volume experienced a significant increase of 37.57%, amounting to $400.18 million.

6. Dogecoin & Shiba Inu Price

The price of Dogecoin increased by 7.14%, reaching $0.1565, in contrast to Shiba Inu’s surge of 8.73%, which was priced at $0.00002509 on the cryptocurrency market.