The recovery in the cryptocurrency market continued today, following the upward trend that began on May 3rd. Bitcoin (BTC), the largest cryptocurrency, surpassed the $63,000 level, while Ethereum (ETH) settled above $3,100. Other top-tier altcoins such as Solana (SOL), XRP, and Cardano (ADA) also experienced significant price increases.
Bitcoin saw a 5.86% increase in the last 24 hours, reaching $63,030 with a trading volume of $32.62 billion. This recovery has pushed the market value of the largest cryptocurrency to $1.27 trillion.
The largest altcoin, Ethereum, with a market value of $374.48 billion, rose 3.87% in the last 24 hours to $3,117. Despite this recovery, Ethereum’s trading volume slightly decreased to $12.37 billion.
Solana, a popular altcoin, surpassed the $140 level with a 3.72% increase in the last 24 hours, reaching $145.04. However, Solana’s trading volume fell by 3.66% to $3.17 billion. XRP, an altcoin by Ripple, rose 1.71% in the last 24 hours to $0.5297, approaching the $0.53 mark. XRP’s trading volume also increased by 10.52% to $1.11 billion.
Cardano’s price rose 2.56% in the last 24 hours to $0.4682, while its trading volume decreased by 2.45% to $323.55 million. The prices of popular meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) also saw increases, with DOGE up 12.17% to $0.1502 and SHIB up 7.80% to $0.00002495.
Among the altcoins that gained the most value today, Nervos Network (CKB) stands out with an 18.70% increase to $0.01872. It is followed by dogwifhat (WIF), which traded at $3.31 with a 17.62% increase, and Floki (FLOKI), which saw a 17.11% rise to $0.0001957. Stacks (STX) is fourth on the list, trading at $2.39 with a 13.98% increase.
On the other hand, the altcoins that lost the most value include Helium (HNT), which fell 2.50% to $5.37, followed by Sui (SUI) with a 2.10% drop to $1.10, and Ondo (OND) with a 0.78% decrease to $0.8199.
Please note that the information in this article does not constitute investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.
