Crypto Prices Today May 11: Bitcoin Dips To $60K, ETH & Other Altcoins Plunge

Coingapestaff
May 11, 2024
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Crypto Prices Today (Feb 25): Why BTC Plunged To $90K & Altcoins Followed?

Highlights

  • After rebounding past $63,000, the Bitcoin price experienced a sudden drop.
  • Ethereum even inched closer to dip below $2,900.
  • Meme coins like Shiba Inu and Dogecoin also recorded losses.

The top crypto prices today were hit by a bearish turn as the Bitcoin (BTC) price extended below the $61,000 evel. Furthermore, the Ethereum (ETH) plunged significantly and dropped to the $2,900 level. In addition, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also registered notable losses.

Major Crypto Prices Today

1. Bitcoin Price

The Bitcoin price plunged 3.33% reaching $60,802.57 at the time of writing on Saturday, May 11. On the other hand, it’s trading volume soared 7.55% to $27.12 billion in the last 24 hours. Whilst, the crypto’s market capitalization stood at $1.19 trillion.

2. Ethereum Price

The Ethereum price crashed 3.60% to $2,916.58 at press time with a market valuation of $350.36 billion. Whilst, ETH saw its trading volume surged 8.86%, reaching $11.98 billion.

3. Solana Price

The Solana price extended lower than the $150 level today. The Solana price lost 4.86%, settling at $145.26. In contrast, SOL witnessed a 5.68% gain in trade volume to $2.46 billion in the last 24 hours.

4. XRP Price

Whilst, the XRP price traded around the $0.50 mark amid the bearish downturn. The XRP price recorded a dip of 2.63%, reaching $0.5045. On the other hand, XRP’s trading volume rose by 7.76% to $1.04 billion.

5. Cardano Price

Meanwhile, the Cardano crypto price tumbled 3.94% to $0.4464 today. Whilst, ADA recorded a hike of 0.52% in its 24-hour trading volume, settling at $300.69 million.

6. Dogecoin & Shiba Inu Price

The Dogecoin price lost 4.09% to $0.1445 while its rival, Shiba Inu price plunged 3.31% and traded at $0.00002259.

Also Read: Bitcoin Price Forecast: Why Is BTC Falling Suddenly Today?

Top Crypto Gainers Today

  • Lido DAO (LDO): The LDO price rose 2.30% to $1.96.
  • Tron (TRX): The Tron crypto surged 2.14% and traded at $0.1212.
  • Chiliz (CHZ): The Chiliz crypto surged 1.98% and traded at $0.1253.
  • THORChain (RUNE): The RUNE crypto price rose 1.75% to $5.45.

Top Crypto Losers Today

  • Dogwifhat (WIF): The WIF price lost 10.83%% to $2.91.
  • Helium (HNT): The Helium price dipped 9.70% to $4.84.
  • Aakash Network (AKT): The AKT price was down 7.99% to $4.43.
  • JasmyCoin (JASMY): The JASMY price slipped 6.36% to $0.01792.

Jupiter (JUP) and Avalanche (AVAX) also made it to the top crypto losers list today.

Also Read: Toncoin Price Forecast: Is $TON Recovery Heading to $10 in May?

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.