Crypto Prices Today May 1: Bitcoin & Ethereum Crash 5%, Cosmos Gleams Amid Market Dip
Highlights
- Amid the crash, Bitcoin geared up to drop below $60,000.
- Ethereum failed to sustain above $3,000, marking a significant victory for bears.
- Solana lost significant value and traded lower than $130.
The top crypto prices today crashed heavily as the Bitcoin (BTC) price plunged to the $60,000 level despite the recent Hong Kong ETF launch. In addition, the Ethereum (ETH) price plummeted below the $3,000 mark, losing hold on a crucial level. Moreover, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) plunged notably, mirroring the bearish trend.
Major Crypto Prices Today
1. Bitcoin Price
The Bitcoin price crashed by 5.13% reaching $60,191.06 at the time of writing on Wednesday, May 1. On the other hand, it’s trading volume spiked 41.71% to $37.91 billion in the last 24 hours. Whilst, the crypto’s market capitalization slipped to $1.18 trillion.
2. Ethereum Price
The Ethereum price tumbled 5.46% to $2,999.10 at press time with a market valuation of $365.74 billion. Whilst, ETH saw its trading volume surge 29.66%, reaching $17.99 billion.
3. Solana Price
The Solana price extended below the $130 mark today. The Solana price lost 7.06%, settling at $126.06. In contrast, SOL witnessed a 42.20% surge in trade volume to $3.48 billion in the last 24 hours.
4. DarkLume (DLUME)
DarkLume is a gamified socioeconomic system that runs in a virtual world. It offers a distinct blend of fantasy and social interaction. DarkLume enables users to become citizens of virtual countries by participating in recreational activities. It serves as a platform for interaction in a dynamic social ecosystem. To reinvent luxury living and entertainment in the digital age, catering solely to the needs and preferences of modern societies.
The token is currently running a presale for 40000000000 DLUME tokens. It has already raised $25,033 at $0.0005. The next price is expected to be $0.00060, while the listing price might be $0.0015. These price estimates are entirely situational and subject to change as presale activity increases.
5. XRP Price
Whilst, the XRP price inched closer to drop below the $0.50 level amid the broader market crash. The XRP price recorded a slump of 2.66%, reaching $0.5026. On the other hand, XRP’s trading volume soared 24.41% to $1.36 billion.
6. Cardano Price
Meanwhile, the Cardano crypto price slipped 2.96% to $0.442 today. Whilst, ADA recorded a hike of 40.13% in its 24-hour trading volume, settling at $416.32 million.
7. Dogecoin & Shiba Inu Price
The Dogecoin price crashed by 7.29% to $0.1324 while its rival, Shiba Inu price tumbled 7.57% and traded at $0.00002215.
Also Read: How Will Bitcoin Price React To FOMC Meeting?
Top Crypto Gainers Today
- Cosmos (ATM): The Cosmos crypto surged 5.43% and traded at $8.56.
- Optimism (OP): The OP crypto price rallied 2.52% to $2.58.
- Starknet (STRK): The Starknet crypto price was up 2.22% and was valued at $1.24.
- Tron (TRX): The TRX crypto price rose 0.45% to $0.1201.
Top Crypto Losers Today
- Arweave (AR): The AR price plummeted 17.25% to $29.74.
- Stacks (STX): The STX price plunged 15.01% to $2.04.
- Sei (SEI): The Sei price witnessed a dip of 11.75% to $0.542.
- Lido DAO (LDO): The LDO crypto slumped 11.43% to $1.90.
Due to the sudden bearish trend, none other crypto made it to the top gainers list. Moreover, millions worth of crypto liquidations were noted in the past 24 hours, which could have catalyzed the latest crash. According to Coinglass, Bitcoin alone witnessed $107.64 million liquidations in the last 24 hours. Out of this $93.26 million has been attributed to longs.
Also Read: Here’s Why Pepe Coin Price Sees a 20% Breakout Rally in May
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