As a researcher with a background in cryptocurrencies and financial markets, I find today’s crypto price action intriguing. Ethereum’s surge past $3,800 following the SEC’s approval of spot Ethereum ETFs is noteworthy, while Bitcoin struggled to maintain its position above $68K. The meme coins, DOGE and SHIB, followed the overall downward price trend.
Crypto prices experienced fluctuations once more, with Ethereum taking center stage. Following the SEC’s approval of spot Ethereum ETFs, Ethereum surged past the $3800 mark. In contrast, Bitcoin fought to keep its head above $68,000. Dogecoin and Shiba Inu from the meme coin category mirrored the downward price trend. The global crypto market capitalization amounted to $2.55 trillion, representing a 1.31% decrease compared to the previous day.
Here’s a brief report on some of the top cryptos and their prices today:
Top Crypto Prices Today
Bitcoin Price
On May 24, Bitcoin’s value predominantly trended downward, decreasing by 2.17% to reach a price of $67,879.37. Its lowest point during the last 24 hours was at $66,356.95, while its highest point was at $70,041.27.
As a researcher, I’ve observed that the market value of this token stood at an impressive $1.33 trillion, representing a decrease of 2.04% compared to the previous day. On the other hand, its trading volume during the last 24 hours surged by 33.44%, reaching a noteworthy $42.37 billion.
Ethereum Price
As a researcher studying the cryptocurrency market, I’ve observed some volatility in Ethereum’s price following the SEC’s approval of the spot ETH Exchange-Traded Fund (ETF). At present, Ethereum is trading at $3,801.76, representing a 0.96% increase from the previous day. The token touched lows of $3,552.64 and peaked at $3,839.42 within the last 24 hours.
The market value of a single token amounted to $456.48 billion, representing a 1% increase compared to the previous day. On the other hand, the trading volume over the past 24 hours reached $46.30 billion, marking an impressive 88.04% rise.
Solana Price
I’ve analyzed the recent price movement of Solana, and over the past day, its value decreased by 3.34% to reach a price of $172.09. The token’s lowest point during this period was $167.40, while its highest was $180.17. At present, Solana holds a market capitalization of approximately $77.29 billion. Additionally, the token saw a 24-hour trading volume of around $5.36 billion.
XRP Price
As a crypto investor, I’ve observed some slight improvements in XRP‘s value over the past day, amounting to a 0.37% increase. However, the price action has been quite volatile, with intraday lows reaching $0.5094 and peaks hitting $0.5392, resulting in a trading price of around $0.5303 for XRP.
DOGE & SHIB Prices
The price of Dogecoin decreased by 4.63% within the last 24 hours and is now at $0.1595. In contrast, Shiba Inu experienced a significant drop of 3.85% over the same period, currently valued at $0.00002445.
As a researcher, I’d like to add that Pepe coin has been generating buzz in the meme coin market lately, with its price surging by 6.31% to $0.0000145 within the past day.
Top Crypto Gainers Today
The price of Ondo (ONDO) increased by 13.42 percent over the last 24 hours, peaking at $1.10.
Top Crypto Losers Today
The price of Ordinalis (ORDI) decreased by 8.34%, landing at $38.20 today.
Exploring the hourly chart, a decrease of around 0-1% was observed for Bitcoin (BTC), Ethereum (ETH), and other altcoins’ prices. Nevertheless, the general sentiment among investors towards Ethereum remains positive, largely fueled by the anticipated approval of its spot Exchange Traded Fund (ETF).
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2024-05-24 07:50