Cryptocurrency Prices Today

To help us make wise choices, let’s examine how the top ten tokens’ cryptocurrency prices have changed today.

Bitcoin is very close to a record high of $105,941

Bitcoin (BTC), which is up 2.82% over the past day at $105,941.58, is still making headlines. With a daily trading volume of $59.84 billion, its market capitalization currently stands at an astounding $2.10 trillion.

Bitcoin recently broke its previous record of $104,400 established in December and recorded its highest-ever weekly closing just around $106,500. The January 20 all-time high of $109,358 seems closer than ever. In a post on May 19, investor Scott Melker wrote, “Bitcoin just had its highest daily candle close… ever.” “Bitcoin will develop a brand new higher high,” according analyst Rekt Capital.

The market share of Bitcoin has now increased to 53.2%, the greatest level in more over three years. Additionally, open interest in Bitcoin futures has reached a record $36 billion, indicating increased market confidence. Last week, MicroStrategy, the business of Michael Saylor, also purchased an additional 7,390 Bitcoin. So, despite regulatory scrutiny and a new class-action lawsuit, institutional sentiment remained strong.

Ethereum Rises 8.27% Due to ETF Hope

Ethereum (ETH) surged an astounding 8.27% to $2,567.46. In terms of daily performance, it surpassed Bitcoin with a market capitalization of $309.96 billion and a 24-hour volume of $27.78 billion. The total amount of ETH in circulation is 120.72 million.

Strong macroeconomic support and anticipation surrounding Ethereum-based spot ETFs are cited by analysts as the reasons for the increase. Analysts reported that Ethereum surged 12% in a single day, surpassing significant resistance levels. The $2,600 resistance level is being actively watched by market watchers as a possible launching pad for additional rises.

In the UAE, Ripple Grows as XRP Reaches $2.38

XRP increased by 1.67% to $2.38. Its daily volume is $3.52 billion, and its market capitalization is $139.62 billion. The growth coincides with Ripple’s significant Middle East strategic actions. Blockchain-enabled cross-border payments have been introduced in the United Arab Emirates, according to Ripple. The business collaborated with the fintech companies Mamo and Zand Bank.

Zand Bank and Mamo will use “Ripple Payments” to make the transfers possible, per Ripple’s May 19 release. This action comes after Ripple previously obtained a license from the Dubai Financial Services Authority to conduct cryptocurrency payments. hence solidifying the UAE’s standing as a major global center for cryptocurrency.

TRON, Solana, and BNB Display Moderate Gains

With a 2.11% increase to $650.62, BNB (BNB) increased its market value to $91.66 billion. At $169.85, Solana (SOL) reported a 3.56% gain as well. SOL’s market capitalization is at $88.31 billion, and its trading volume was a healthy $4.4 billion. TRON (TRX) gained 2.79% to $0.2685, demonstrating steady growth bolstered by a rise in user adoption and developer activity.

Cardano and Dogecoin Jump a Little

Cardano (ADA) increased 2.53% to $0.7421, while Dogecoin (DOGE) increased 3.48% to $0.2262. With a volume of about $2 billion, DOGE’s market capitalization is at $33.79 billion. The market value of ADA is $26.21 billion. These altcoins are still quite susceptible to speculative trading and societal reaction.