The cryptocurrency market continued its recovery today following the upswing that began on May 3. The largest cryptocurrency, Bitcoin (BTC), exceeded the $63,000 level, while Ethereum (ETH) settled above $3,100. Significant price increases were also observed in other top-tier altcoins such as Solana (SOL), XRP, and Cardano (ADA).
Current State of Bitcoin and Ethereum
Bitcoin saw a 5.86% increase over the last 24 hours, reaching a level of $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 decreased slightly to $12.37 billion.
Price Increase for Solana, XRP, Cardano, Dogecoin, and Shiba Inu
Popular altcoin Solana surpassed the $140 level with a 3.72% increase in the last 24 hours, reaching $145.04. Despite this rise, Solana’s trading volume fell by 3.66% to $3.17 billion. Ripple’s XRP rose 1.71% in the last 24 hours to $0.5297, nearing 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 memecoins 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.
Looking at the list of 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.
In contrast, the list of altcoins that lost the most value is led by 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.
