Highlights
https://coingape.com/coinbase-has-unusually-big-plans-for-600b-australian-pension-funds/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.
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.
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.
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.
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.
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.
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
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
Michael Saylor's Strategy, previously MicroStrategy, has indicated that it plans to continue its Bitcoin accumulation…
Bitcoin’s latest decline is widening the gap between market prices and the development happening across…
BitMine plans to start a network of Ethereum validators built in the U.S. This comes…
Bitcoin sentiment has collapsed to historic lows as fear spreads across the market. This has…
Rich Dad Poor Dad author Robert Kiyosaki has sold off millions of dollars in Bitcoin…
BlackRock’s IBIT set a new trading record as Bitcoin ETF activity exploded across the market.…