Crypto Prices Today May 4: Bitcoin Rallies Past $63K As ETF Inflows Regain Momentum
Highlights
- Bitcoin extended above $63,000, rebounding from a recent low of $56,000.
- The rebound can be attributed to the Spot Bitcoin ETFs as they regained momentum with over $370 million inflows.
- Ethereum and other altcoins also joined the rebound spree.
The top crypto prices today extended the rebound frenzy as the Bitcoin (BTC) price surged past the $63,000 level. In addition, the Ethereum (ETH) price mirrored the sentiment and sustained above the $3,100 mark. Moreover, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also gained notably.
Major Crypto Prices Today
1. Bitcoin Price
The Bitcoin price soared by 5.86% reaching $63,030.40 at the time of writing on Saturday, May 4. On the other hand, it’s trading volume surged 8.32% to $32.62 billion in the last 24 hours. Whilst, the crypto’s market capitalization climbed to $1.27 trillion.
2. Ethereum Price
The Ethereum price rallied 3.87% to $3,117.60 at press time with a market valuation of $374.48 billion. Whilst, ETH saw its trading volume drop 0.75%, reaching $12.37 billion.
3. Solana Price
The Solana price recovered significantly and surpassed the the $140 mark today. The Solana price surged 3.72%, settling at $145.04. In contrast, SOL witnessed a 3.66% dip in trade volume to $3.17 billion in the last 24 hours.
4. XRP Price
Whilst, the XRP price neared the $0.53 level. The XRP price recorded a gain of 1.71%, reaching $0.5297. On the other hand, XRP’s trading volume jumped 10.52% to $1.11 billion.
5. Cardano Price
Meanwhile, the Cardano crypto price was up 2.56% to $0.4682 today. Whilst, ADA recorded a decline of 2.45% in its 24-hour trading volume, settling at $323.55 million.
6. Dogecoin & Shiba Inu Price
The Dogecoin price rallied 12.17% to $0.1502 while its rival, Shiba Inu price was soared 7.80% and traded at $0.00002495.
Also Read: Top 5 Reasons Why Bitcoin Price Recovery Is Confirmed
Top Crypto Gainers Today
- Nervos Network (CKB): The CKB crypto surged 18.70% and traded at $0.01872.
- Dogwifhat (WIF): The Dogwifhat meme crypto price rallied 17.62% to $3.31.
- Floki (FLOKI): The Floki crypto price was soared 17.11% and was valued at $0.0001957.
- Stacks (STX): The STZ crypto price rose 13.98% to $2.39.
Top Crypto Losers Today
- Helium (HNT): The Helium price lost 2.50%% to $5.37.
- Sui (SUI): The Sui price dipped 2.10% to $1.10.
- Ondo (ONDO): The Ondo crypto dropped 0.78% to $0.8199.
- Polkadot (DOT): The DOT price was down 0.39% to $7.18.
The recent rebound in the Bitcoin price could be largely attributed to the resurgence of ETF inflows. On Friday, May 3, the Spot Bitcoin ETFs recorded a massive influx of $378 million. Moreover, the Grayscale Bitcoin Trust (GBTC) witnessed the first day of positive flow with $63 million net inflow.
Also Read: Dogwifhat Price Analysis: Is WIF Going To $10 In May?
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