Bitcoin (BTC), the leading cryptocurrency, continues to surge past the $64,000 mark, while Ethereum (ETH) also maintains a positive trajectory, holding steady above $3,100.
Cryptocurrency Status Update
Altcoins such as Solana (SOL), Ripple (XRP), and Cardano (ADA) have also experienced notable gains. As of May 6, Monday, Bitcoin’s price reached $64,132.50, marking a 1.17% increase. However, its trading volume dropped by 12.18% to $17.67 billion in the last 24 hours, while its market capitalization rose to $1.26 trillion.
Ethereum, the leading smart contract platform, saw a 1.73% increase to $3,148.06, with its market cap reaching $374.01 billion. ETH’s trading volume decreased by 3.24% to $8.28 billion. Solana, a competitor to Ethereum, experienced a significant recovery, approaching the $150 level with a 1.58% increase to $147.81. However, SOL’s trading volume decreased by 53.70% to $1.51 billion in the last 24 hours.
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Price Movements in Altcoins
Meanwhile, XRP surpassed the $0.53 mark, recording a 1.16% increase to $0.5339. XRP’s trading volume rose by 19.07% to $540.58 million. Cardano’s price increased by 0.64% to $0.4588, although its 24-hour trading volume fell by 13.99% to $222.55 million. Dogecoin’s price rose by 1.77% to $0.1626, while its competitor Shiba Inu traded at $0.00002479, up by 1.22%.
In addition to Bitcoin and Ethereum, other cryptocurrencies are also experiencing upward momentum. Bitcoin surpassed $64,000 with a 1.17% increase, while Ethereum remained stable at the $3,100 level. Altcoins like Solana, Ripple, and Cardano have achieved significant gains. Solana approached $150 with a 1.58% increase, although its trading volume decreased. Other altcoins also saw price increases.
Disclaimer: The information provided in this article should not be considered investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks, and should conduct their own research.
