Despite the recent launch of the Hong Kong ETF, top crypto prices took a hit today as Bitcoin (BTC) prices fell to the $60,000 level. Furthermore, Ethereum (ETH) price fell below $3,000 and lost its hold at an important level. Additionally, other top altcoins such as Solana (SOL), XRP, and Cardano (ADA) also fell noticeably, reflecting the downward trend.
Today's major virtual currency prices
1. Bitcoin price
Bitcoin price crashes by 5.13% As of this writing on Wednesday, May 1st, it has reached $60,191.06. Meanwhile, trading volume surged 41.71% to $37.91 billion in the past 24 hours. Meanwhile, the market capitalization of virtual currencies decreased to $1.18 trillion.
2. Ethereum price
Ethereum's price fell 5.46% to $2,999.10 at the time of writing, giving it a market valuation of $365.74 billion. Meanwhile, the trading volume of ETH increased by 29.66% to reach $17.99 billion.
3. Solana Price
Today, Solana's price has dropped below $130.Solana price decreased by 7.06%, It was settled for $126.06. In contrast, SOL's trading volume in the past 24 hours increased by 42.20% to $3.48 billion.
4. XRP Price
Meanwhile, amid a widespread market crash, XRP price inched closer to below $0.50. XRP price recorded a decline of 2.66% and reached $0.5026. Meanwhile, XRP trading volume increased by 24.41% to $1.36 billion.
5. Cardano price
Meanwhile, the Cardano cryptocurrency price fell by 2.96% today to $0.442. Meanwhile, ADA recorded an increase of 40.13% in 24-hour trading volume and settled at $416.32 million.
6. Dogecoin and Shiba Inu price
Dogecoin price fell 7.29% to $0.1324, while rival Shiba Inu price fell 7.57% to trade at $0.00002215.
Also read: How will Bitcoin price react to the FOMC meeting?
Today’s top crypto earners
- Cosmos (ATM): The Cosmos cryptocurrency soared 5.43% to trade at $8.56.
- Optimism (OP): OP crypto price increased by 2.52% to $2.58.
- Starknet (STRK): Starknet cryptocurrency price increased by 2.22% and was valued at $1.24.
- Tron (TRX): TRX crypto price rose 0.45% to $0.1201.
Today’s Top Cryptocurrency Losers
- Arweave (AR): AR price plunged 17.25% to $29.74.
- Stack (STX): STX price fell 15.01% to $2.04.
- SEI: Sei price fell by 11.75% to $0.542.
- Lido DAO (LDO): The LDO cryptocurrency fell by 11.43% to $1.90.
Due to the sudden bearish trend, no other cryptocurrencies made it to the top gainer list. Additionally, millions of dollars worth of crypto liquidations have been recorded in the past 24 hours, which may have caused the latest crash. According to Coinglass, he made $107.64 million in liquidations in the past 24 hours in Bitcoin alone. Of this amount, $93.26 million came from long positions.
Also read: Here's why Pepecoin price rises 20% in May
