Bitcoin (BTC), the leading cryptocurrency, continues to climb above the $64,000 level, while Ethereum (ETH) is also showing a positive trend, maintaining its position above $3,100.
Cryptocurrency Market Update
Altcoins such as Solana (SOL), Ripple (XRP), and Cardano (ADA) have also experienced notable gains. As of Monday, May 6, the price of Bitcoin reached $64,132.50, marking a 1.17% increase. However, its trading volume decreased by 12.18% to $17.67 billion in the past 24 hours, while its market capitalization rose to $1.26 trillion.
The leading smart contract platform, Ethereum, saw a 1.73% increase, reaching $3,148.06, with a market capitalization of $374.01 billion. Ethereum’s trading volume decreased by 3.24% to $8.28 billion. Solana, a competitor to Ethereum, experienced a significant recovery and approached the $150 level with a 1.58% increase to $147.81, although its trading volume decreased by 53.70% to $1.51 billion in the past 24 hours.
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Altcoin Price Movements
In the meantime, the price of XRP surpassed the $0.53 mark, recording a 1.16% increase to $0.5339. XRP’s trading volume increased by 19.07% to $540.58 million. Cardano’s price also 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%.
Overall, alongside Bitcoin and Ethereum, other cryptocurrencies are also experiencing growth. Bitcoin surpassed $64,000 with a 1.17% increase, while Ethereum held steady above the $3,100 level. Altcoins such as Solana, Ripple, and Cardano have achieved significant gains. Solana approached $150 with a 1.58% increase, although its trading volume declined. Other altcoins also showed 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 risks, and they should conduct their own research.
