Price of cryptocurrencies today: Bitcoin, Ether see profits, Dogecoin at a loss together with Shiba Inu and Solana

Bitcoin recorded a slight gain of around 1% on Monday, May 27th. At the time of writing, BTC was trading at a price of $72,034 (around Rs. 59.8 lakh) on Indian exchanges like WazirX. Internationally, however, Bitcoin is trading at a slightly lower price of $68,772 (around Rs. 57 lakh). According to market analysts, BTC showed a neutral performance on the price chart after Ether ETFs were approved by the United States last week on May 24.

Ether outperformed Bitcoin in terms of profit over the weekend. The second most valuable cryptocurrency after BTC, ETH is currently trading at $3,911 (around Rs. 3.24 lakh) on foreign exchanges after seeing a price rise of 2.54%. On Indian stock exchanges, meanwhile, ETH is hovering above the price of 4,128 (around Rs. 3.42 lakh).

“ETH recorded its highest weekly return, mainly due to the approval of the ETH ETF. Many expected a sell-off following the news of the approval, but ETH remained stable, which is a positive sign. ETH ETF approval is bullish for ETH in the long term. To signal a strong recovery, ETH needs to cross the key level of $4,000 (around Rs. 3 lakh).

BTC and ETH will join the green side of the cryptocurrency chart on Monday Bind, Binance coin, Cardano, Polka dot, UniswapAND Cosmos.

The overall cryptocurrency market capitalization increased by 0.68% in the last 24 hours. The current cryptocurrency market capitalization stands at $2.58 trillion (approximately Rs. 2,14,27,183 crore), according to CoinMarketCap. Bitcoin and Ether’s dominance as of Monday stands at 52.5% and 18.3%, respectively.

Despite the momentum the cryptocurrency sector has seen following the approval of the ETH ETF in the United States, some altcoins suffered losses over the weekend. These include Solana AND Ripple.

Dogemoneta AND Shiba Inu they returned to a loss after seeing a small spike on May 24 that was recorded because Elon Musk tweeted about the passing of Kabosu, the dog that inspired both of these tokens.

Avalanche, Chain shirt, Close to the protocol, Polygon, Litecoin, Leo, ChronoAND Stellar they are also at a loss as of Monday.

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