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05/23/2024

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Crypto Prices Today May 23: Bitcoin Rides Rollercoaster While ETH, XRP, DOGE Bleed

Highlights The Bitcoin price is struggling to gain momentum back above the $70K mark. Ethereum's price traded below the $3,800 mark despite odds of ETF gaining favor. Solana traded in the green, while...

Crypto Prices Today May 23: Bitcoin Rides Rollercoaster While ETH, XRP, DOGE Bleed

Crypto Prices Today May 23: Bitcoin Rides Rollercoaster While ETH, XRP, DOGE Bleed

Highlights

  • The Bitcoin price is struggling to gain momentum back above the $70K mark.
  • Ethereum's price traded below the $3,800 mark despite odds of ETF gaining favor.
  • Solana traded in the green, while other altcoins conversely dipped.

Crypto prices today saw a considerable sluggish performance in the face of yesterday’s massive crypto market selloff. The global market cap was down 0.66% from yesterday, resting at the $2.58 trillion mark. Further, the total crypto market volume recorded over the last 24 hours is $98.22 billion, marking a notable 19.59% decrease since the past day.

Bitcoin’s price struggled to maintain its position above the $70K mark. Ethereum traded primarily in the red, with XRP and meme coins DOGE and SHIB following the tumbled price movement. Notably, Solana, too, rode a rollercoaster ride, although the token traded primarily in the green.

Here’s a look into the top cryptos and their prices today:

Bitcoin Price

Today, May 23, Bitcoin’s price chart illustrated a highly volatile momentum, resting at $69.425.23 with a 0.77% dip recorded over the past day. Its 24-hour lows and highs are $68,977.69 and $70,623.69.

BTC Price May 23

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The token’s market cap slipped 0.75% to $1.36 trillion, whereas the 24-hour trading volume plunged 21.80% to $31.86 billion.

Ethereum Price

Ethereum (ETH) illustrated a 1.15% dip in its price over the past day and is currently sitting at $3,762. The crypto’s 24-hour lows and highs are $3,655.08 and $3,810.95, respectively.

Crypto ETH price May 23

ETH’s market cap fell 1.08% to $452.16 billion in the past 24 hours, whilst the 24-hour trading volume noted a 26.33% dip to $24.71 billion.

Solana Price

Conversely, Solana’s price jumped 0.88% over the past day, reaching $178.68. Although SOL’s momentum was turbulent, the token has managed to stay in the green. Its 24-hour lows and highs are $175.45 and $183.07, respectively. Meanwhile, the 24-hour trading volume slipped 7.19% to $3.77 billion.

Solana Price May 23

XRP Price

The Ripple Labs-backed token decreased in value by 1.36% in the past 24 hours, reaching $0.5281. Its lows and peaks over the past day were $0.5237 and $0.5377. Further, the 24-hour trading volume declined 34.56% to $1.18 billion.

XRP Price May 23

Cardano Price

ADA’s price trajectory illustrated a 1.56% fall in the past 24 hours, currently trading at $0.4855. Its 24-hour lows and highs are $0.4761 and $0.4924, illustrating a tight trading session. Meanwhile, the 24-hour trading volume plummetted 16.47% to $407.36 million.

Crypto ADA price May 23

DOGE & SHIB In The Red

Dogecoin, the market cap leader of the meme coin sector, tumbled 2.43% to $0.1667 in the past 24 hours, whereas Shiba Inu’s price sunk 3.34% to $0.00002536.

Further, even Pepe coin (PEPE) drained 4.65% in value to $0.00001353.

Also Read: Coinbase CEO Brian Armstrong Celebrates House Victory for Clear Crypto Regulation

Top Crypto Gainers Today

Bittensor (TAO) price surged 8.01% over the past day to $455.24.
BOOK OF MEME (BOME) price jumped 2.98% over the past day to $0.01319.
dogwifhat (WIF) price rallied 5.67% in the last 24 hours to $2.98
JasmyCoin (JASMY) price noted 4.02% upswing to $0.02167.

Top Crypto Losers Today

Core (CORE) price plunged 6.62% to $1.69 over the past day.
Lido DAO (LDO) price plummeted 6.16% to $2.08 over the past day.
The price of Floki Inu (FLOKI) noted a pullback, dipping 5.63% to $0.0002242 during the same time period.
Pepe coin (PEPE), as mentioned above, is also one of the top losers.

Upon looking at the one-hour time frame, it can be seen that Bitcoin’s price continued to struggle to gain significant upside pressure. On the other hand, ETH, SOL, XRP, DOGE, and SHIB noted a marginal upswing in prices, between 0% and 0.5%.

However, its worth noting that today, May 23, is the deadline for ETH ETF approval, and the Ethereum price could witness further volatility with both upside and downside momentum.

Also Read: Anthony Scaramucci Defends Michael Saylor: Calls Bitcoin Criticism “Total Nonsense”

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.

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