The cryptocurrency market’s recovery continued today, building upon the upward trend that started on May 3. Bitcoin (BTC), the largest cryptocurrency, surpassed the $63,000 mark, while Ethereum (ETH) settled above $3,100. Other top-tier altcoins like Solana (SOL), XRP, and Cardano (ADA) also experienced significant price increases.
Bitcoin saw a 5.86% surge in the past 24 hours, reaching $63,030 with a trading volume of $32.62 billion. This recovery has propelled the market value of Bitcoin to $1.27 trillion.
The largest altcoin, Ethereum, witnessed a 3.87% increase in the past 24 hours, reaching $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 past 24 hours, reaching $145.04. However, Solana’s trading volume dropped by 3.66% to $3.17 billion. Ripple’s XRP rose by 1.71% in the past 24 hours, coming close to the $0.53 mark at $0.5297. XRP’s trading volume also increased by 10.52% to $1.11 billion.
Cardano’s price rose by 2.56% in the past 24 hours, reaching $0.4682, while its trading volume decreased by 2.45% to $323.55 million. Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) also saw price increases, with DOGE rising by 12.17% to $0.1502 and SHIB increasing by 7.80% to $0.00002495.
Among the altcoins that gained the most value today, Nervos Network (CKB) stood out with an 18.70% increase to $0.01872. It was 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) ranked fourth on the list, trading at $2.39 with a 13.98% increase.
On the other hand, the altcoins that experienced the most significant value losses were led by Helium (HNT), which fell by 2.50% to $5.37. It was followed by Sui (SUI) with a 2.10% drop to $1.10, and Ondo (OND) with a 0.78% decrease to $0.8199.
It is important to note that the information provided in this article is not investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.
