Bitcoin & Ethereum Suffer Amid Market Decline As Pepe Coin Shines

 Bitcoin & Ethereum Suffer Amid Market Decline As Pepe Coin Shines


The top crypto prices today registered a decline as the Bitcoin (BTC) price extended lower than the $62,000 mark. Moreover, the Ethereum (ETH price struggled to sustain above the $2,900 level. In addition, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also noted a significant drop.

Major Crypto Prices Today

1. Bitcoin Price

The Bitcoin price dropped 0.95%, reaching $61,909.06 at the time of writing on Wednesday, May 15. On the other hand, it’s trading volume slumped 5.31% to $26.27 billion in the last 24 hours. Whilst, the crypto’s market capitalization stood at $1.21 trillion.

2. Ethereum Price

The Ethereum price dipped 1.12% to $2,905.97 at press time with a market valuation of $346.58 billion. Whilst, ETH saw its trading volume fell 1.14%, reaching $12.09 billion.

3. Solana Price

The Solana price distanced from the $150 level amid the declines today. The Solana price slumped 2.68%, settling at $143.90. In contrast, SOL witnessed a 6.75% hike in trade volume to $2.47 billion in the last 24 hours.

4. XRP Price

Whilst, the XRP price inched closer to drop below the $0.50 mark again. The XRP price recorded a drop of 0.89%, reaching $0.502. On the other hand, XRP’s trading volume shot up by 25.49% to $1.06 billion.

5. Cardano Price

Meanwhile, the Cardano crypto price was down 1.81% to $0.4289 today. Whilst, ADA recorded a slump of 19.33% in its 24-hour trading volume, settling at $290.99 million.

6. Dogecoin & Shiba Inu Price

The Dogecoin price plunged 3.04% to $0.1464 while its rival, Shiba Inu price tumbled 2.20% and traded at $0.00002305.

Also Read: Render vs Theta; Which DePIN Altcoin to Buy In May

Top Crypto Gainers Today

  • Pepe Coin (PEPE): The PEPE price soared 7.47% to $0.00001092.
  • Arweave (AR): The AR price rallied 4.01% to $40.93.
  • Wormhole (W): The Wormhole price rose 3.22% to $0.354=
  • Floki (FLOKI): The Floki crypto price surged 1.22% and traded at $0.000196.

Top Crypto Losers Today

  • Render (RNDR): The RNDR price lost 8.54% to $10.12.
  • Chainlink (LINK): The Chainlink crypto price slumped 4.09% to $12.90.
  • Near Protocol (NEAR): The RUNE price dipped 3.97% to $6.99.
  • Hedera (HBAR): The HBAR crypto price slipped 3.11% to $0.106.

Monero (XMR), Sui (SUI), Injective (INJ) also made it to the top crypto losers list today. The decline in the crypto market could have been triggered by the hot PPI data released on Tuesday, May 14. The latest report highlighted that the U.S. PPI for last month, i e. April, surged by 0.5%, which is substantially higher than what the market estimated.

Also Read: Solana Price Analysis: Flag Pattern Suggests Imminent Breakout Rally to $200

✓ Share:

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related post

Receive the latest news

Subscribe To Our Crypto Newsletter

Stay informed with our curated information and offers just for subscribers.