Bitcoin At $57K, Ethereum Continues Decline, Solana Recovers

The crypto prices registered a mixed action today as Bitcoin and Ethereum plunged significantly while Solana, Cardano, XRP recovered from losses.

STORY HIGHLIGHTS

• The Bitcoin price approached a drop below $57,000 today amid the bearish session.
• Ethereum also lost significant value and inched closer to extended lower than $2,900.
• Bitcoin long liquidations surged past $100 million, accelerating the decline.

The top crypto prices today witnessed continued declines as the Bitcoin (BTC) price plunged to the $57,000 level. In addition, the Ethereum (ETH) price geared up for a dip below the $2,900 mark, losing hold on a crucial level. However, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) rebounded significantly, defying the bearish turn.

Major Crypto Prices Today

1. Bitcoin Price

The Bitcoin price plunged by 4.43% reaching $57,419.91 at the time of writing on Thursday, May 2. On the other hand, it’s trading volume soared 30.72% to $49.54 billion in the last 24 hours. Whilst, the crypto’s market capitalization slipped to $1.13 trillion.

2. Ethereum Price

The Ethereum price lost 2.86% to $2,912.84 at press time with a market valuation of $355.33 billion. Whilst, ETH saw its trading volume surge 12.01%, reaching $20.16 billion.

3. Solana Price

The Solana price rebounded and inched closer to the the $130 mark today. The Solana price gained 2.75%, settling at $129.31. In addition, SOL witnessed a 19.65% surge in trade volume to $4.16 billion in the last 24 hours.

4. XRP Price

Whilst, the XRP price surged past the $0.51 level. The XRP price recorded a gain of 1.75%, reaching $0.5113. On the other hand, XRP’s trading volume spiked 30.32% to $1.78 billion.

5. Cardano Price

Meanwhile, the Cardano crypto price was up 0.66% to $0.4445 today. Whilst, ADA recorded a hike of 28.11% in its 24-hour trading volume, settling at $533.30 million.

6. Dogecoin & Shiba Inu Price

The Dogecoin price slipped 5.41% to $0.125 while its rival, Shiba Inu price was down by 1.98% and traded at $0.00002168.

Also Read: Crypto Market Recovery? US Treasury Announces $125M Refunding, Buyback Plan

Top Crypto Gainers Today

• Axelar (AXL): The Axelar crypto surged 8.11% and traded at $1.17.
• Polkadot (DOT): The DOT crypto price rallied 5.22% to $6.86.
• EOS (EOS): The EOS crypto price was up 3.33% and was valued at $0.7813.
• Optimism (OP): The TRX crypto price rose 2.97% to $2.66.

Top Crypto Losers Today

• Helium (HNT): The HNT price plummeted 7.84% to $4.95.
• Toncoin (TON): The Toncoin price plunged 6.60% to $4.72.
• Cronos (CRO): The CRO crypto slumped 6.28% to $0.1233.
• Sei (SEI): The Sei price witnessed a dip of $0.5098 to 6.02%.

Despite the bearish turn, Solana, Dogwifhat, and Pepe made it to the top gainers list today. However, millions worth of crypto liquidations were noted in the past 24 hours, which could have expedited the latest crash for BTC and ETH. According to Coinglass, Bitcoin alone witnessed $145.55 million liquidations in the last 24 hours. Out of this, $109.13 million has been attributed to longs.