July 23, 2024
Crypto

Bitcoin & Ethereum Lose Over 5%, Cosmos Shines Amid Crash


The top crypto prices today crashed massively as the Bitcoin (BTC) price slumped to the $60,000 level despite the recent Hong Kong ETF launch. In addition, the Ethereum (ETH) price dipped below the $3,000 mark, losing hold on a crucial level. Moreover, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) plunged notably, mirroring the downward trend.

Major Crypto Prices Today

1. Bitcoin Price

The Bitcoin price crashed by 5.13% reaching $60,191.06 at the time of writing on Wednesday, May 1. On the other hand, it’s trading volume spiked 41.71% to $37.91 billion in the last 24 hours. Whilst, the crypto’s market capitalization slipped to $1.18 trillion.

2. Ethereum Price

The Ethereum price tumbled 5.46% to $2,999.10 at press time with a market valuation of $365.74 billion. Whilst, ETH saw its trading volume surge 29.66%, reaching $17.99 billion.

3. Solana Price

The Solana price extended below the $130 mark today. The Solana price lost 7.06%, settling at $126.06. In contrast, SOL witnessed a 42.20% surge in trade volume to $3.48 billion in the last 24 hours.

4. XRP Price

Whilst, the XRP price inched closer to drop below the $0.50 level amid the broader market crash. The XRP price recorded a slump of 2.66%, reaching $0.5026. On the other hand, XRP’s trading volume soared 24.41% to $1.36 billion.

5. Cardano Price

Meanwhile, the Cardano crypto price slipped 2.96% to $0.442 today. Whilst, ADA recorded a hike of 40.13% in its 24-hour trading volume, settling at $416.32 million.

6. Dogecoin & Shiba Inu Price

The Dogecoin price crashed by 7.29% to $0.1324 while its rival, Shiba Inu price tumbled 7.57% and traded at $0.00002215.

Also Read: How Will Bitcoin Price React To FOMC Meeting?

Top Crypto Gainers Today

  • Cosmos (ATM): The Cosmos crypto surged 5.43% and traded at $8.56.
  • Optimism (OP): The OP crypto price rallied 2.52% to $2.58.
  • Starknet (STRK): The Starknet crypto price was up 2.22% and was valued at $1.24.
  • Tron (TRX): The TRX crypto price rose 0.45% to $0.1201.

Top Crypto Losers Today

  • Arweave (AR): The AR price plummeted 17.25% to $29.74.
  • Stacks (STX): The STX price plunged 15.01% to $2.04.
  • Sei (SEI): The Sei price witnessed a dip of 11.75% to $0.542.
  • Lido DAO (LDO): The LDO crypto slumped 11.43% to $1.90.

Due to the sudden bearish trend, none other crypto made it to the top gainers list. Moreover, millions worth of crypto liquidations were noted in the past 24 hours, which could have catalyzed the latest crash. According to Coinglass, Bitcoin alone witnessed $107.64 million liquidations in the last 24 hours. Out of this $93.26 million has been attributed to longs.

Also Read: Here’s Why Pepe Coin Price Sees a 20% Breakout Rally in May



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