Ethereum
Bitcoin and Ethereum collapse 5%, Cosmos shines amid market decline
Crypto highs fell sharply today as the price of Bitcoin (BTC) plunged all the way to the $60,000 level despite the ETF’s recent launch in Hong Kong. Additionally, the price of Ethereum (ETH) fell below the $3,000 mark, losing its grip at a crucial level. Additionally, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) plunged significantly, reflecting the downtrend.
Top Cryptocurrency Prices Today
1. Bitcoin Price
THE Bitcoin Price crashed 5.13% to $60,191.06 at the time of writing on Wednesday, May 1st. On the other hand, its trading volume soared by 41.71% to $37.91 billion in the last 24 hours. Meanwhile, the crypto market cap dropped to $1.18 trillion.
2. Ethereum Price
THE Ethereum Price fell 5.46% to $2,999.10 at press time with a market valuation of $365.74 billion. Meanwhile, ETH saw its trading volume increase by 29.66%, reaching $17.99 billion.
3. Solana Prize
THE Solana Price extended below the $130 mark today. Solana price lost 7.06%, settling at $126.06. In contrast, SOL saw a 42.20% increase in trading volume to $3.48 billion in the last 24 hours.
4. DarkLume (DLUME)
DarkLume is a gamified socio-economic system that operates in a virtual world. It offers a distinct blend of fantasy and social interaction. DarkLume allows users to become citizens of virtual countries by participating in recreational activities. It serves as a platform for interaction in a dynamic social ecosystem. Reinventing luxury living and entertainment in the digital age, uniquely meeting the needs and preferences of modern societies.
The token is currently on presale for 40000000000 DLUME tokens. It has already collected $25,033 at $0.0005. The next price is expected to be $0.00060, while the listing price could be $0.0015. These price estimates are entirely situational and subject to change as pre-sale activity increases.
5. XRP Price
While the XRP Price came close to falling below the $0.50 level amid the broader stock market crash. XRP price recorded a decline of 2.66%, reaching $0.5026. On the other hand, XRP trading volume soared 24.41% to $1.36 billion.
6. Cardano Price
Meanwhile, the Cardano crypto price slipped 2.96% to $0.442 today. Meanwhile, ADA recorded a 40.13% increase in its 24-hour trading volume, standing at $416.32 million.
7. Dogecoin and Shiba Inu Price
THE Dogecoin Price collapsed 7.29% to $0.1324 while its rival, Shiba Inu Price fell 7.57% and is trading at $0.00002215.
Read also: How will Bitcoin price react to the FOMC meeting?
Top Crypto Gainers Today
- Cosmos (ATM): The Cosmos crypto jumped 5.43% and is trading at $8.56.
- Optimism (OP): OP crypto price increased by 2.52% to $2.58.
- Starknet (STRK): Starknet crypto price increased by 2.22% and was valued at $1.24.
- Tron (TRX): TRX crypto price increased by 0.45% to $0.1201.
Top Crypto Losers Today
- Arweave (AR): AR price fell 17.25% to $29.74.
- Batteries (STX): STX price plunged 15.01% to $2.04.
- Sei (SEI): Sei price saw a decline of 11.75% to $0.542.
- Lido DAO (LDO): Crypto LDO fell 11.43% to $1.90.
Due to the sudden downtrend, no other cryptocurrencies made it to the list of top gainers. Additionally, millions of crypto liquidations were seen over the past 24 hours, which could have catalyzed the latest crash. According to Change machine, Bitcoin alone saw liquidations of $107.64 million in the last 24 hours. Of this amount, $93.26 million was allocated to long positions.
Read also: Here’s why Pepe Coin Price is up 20% in May