Cryptocurrency Price Today: Bitcoin Dip Below $68,000, ONDO Becomes Top Gainer
Cryptocurrency price on May 24 quick take: The global market cap dipped to $2.54 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $68,000 mark early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a mix of minor dips and gains across the board as the overall Market Fear & Greed Index stood at 64 (Neutral) out of 100, as per CoinMarketCap data. The ONDO token became the biggest gainer, with a 24-hour jump of over 14 percent. ORDI became the biggest loser, with a 24-hour dip of over 8 percent.
The global crypto market cap stood at $2.54 trillion at the time of writing, registering a 24-hour dip of 1.50 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $67,540.18, registering a 24-hour dip of 2.68 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.46 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,807.99, marking a 24-hour jump of 0.47 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.28 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 4.34 percent, as per CoinMarketCap data, currently priced at $0.1592. As per WazirX, Dogecoin price in India stood at Rs 13.90.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.63 percent. At the time of writing, it was trading at $85.96. LTC price in India stood at Rs 7,383.41.
Ripple (XRP) Price Today
XRP price stood at $0.5303, seeing a 24-hour gain of 0.30 percent. As per WazirX, Ripple price stood at Rs 46.16.
Solana (SOL) Price Today
Solana price stood at $169.97, marking a 24-hour dip of 4.51 percent. As per WazirX, SOL price in India stood at Rs 14,829.20.
Top Crypto Gainers Today (May 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ondo (ONDO)
Price: $1.10
24-hour gain: 14.05 percent
Lido DAO (LDO)
Price: $2.35
24-hour gain: 13.05 percent
Pendle (PENDLE)
Price: $6.59
24-hour gain: 9.61 percent
Gnosis (GNO)
Price: $363.95
24-hour gain: 8.23 percent
Ethena (ENA)
Price: $0.9114
24-hour gain: 8.09 percent
Top Crypto Losers Today (May 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
ORDI (ORDI)
Price: $38.06
24-hour gain: 8.53 percent
Arweave (AR)
Price: $40.71
24-hour gain: 8.33 percent
Toncoin (TON)
Price: $6.20
24-hour gain: 5.52 percent
Theta Network (THETA)
Price: $2.33
24-hour gain: 5.47 percent
Kaspa (KAS)
Price: $0.1324
24-hour gain: 5.40 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is trading around $67,000 following some profit-taking after reaching $71,000 on Wednesday. A significant development is the US SEC's approval of applications from Nasdaq, CBOE, and NYSE to list ETFs linked to the price of Ether, potentially allowing these products to start trading later this year. Ethereum has surged over 30% in the past week. If the bulls can maintain the current price level, the next resistance points are at $3,900 and then $4,100.”
Parth Chaturvedi, Head of Investments, CoinSwitch Ventures, said “Yesterday, the SEC approved eight Ethereum ETFs, causing heightened price volatility in the crypto market. In the hour leading up to the approval, Ethereum (ETH) first dropped to $3,500 around the U.S. traditional market closing time. As unconfirmed reports of the approval began to surface, ETH touched nearly $3,900 before settling above $3,800 after the official confirmation. However, these ETFs are not yet cleared for trading but the issuers of the potential spot ETH ETFs includes BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares, and Invesco/Galaxy.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) is facing resistance at $70,000 after peaking at $71,957, up 13% from last week on strong inflows into Bitcoin spot ETFs and optimism for SEC approval of Ethereum spot ETFs. BlackRock's IBIT has captured 94.86% of recent inflows, holding nearly 282,000 BTC and attracting 414 institutional investors. Ethereum ETFs in Hong Kong are also doing well and boosting the crypto market. Analyst Kaleo predicts that Bitcoin could reach $150,000 to $200,000. BTC is currently trading at $69,563, with key resistance at $72,030 and support at $67,549. Holding above $68,950 suggests a bullish outlook.”
Rajagopal Menon, Vice President, WazirX, said, “The total crypto market cap value has reached a critical support level of $2.50 trillion, fueled by a surge in inflows over the past 24 hours. This positive momentum is largely attributed to the long-awaited approval of spot Ethereum ETFs by the Securities and Exchange Commission (SEC). While investors wait for licensed ETF launches to begin accumulating funds, excitement ripples through the altcoin market. Optimists predict similar approvals for XRP and SOL ETFs in the near future. Ethereum itself has seen a staggering 28.97% increase in price over the past week. This enthusiasm is further amplified by speculation around which fund manager will launch the first Ethereum ETF. The approval is seen as a potential turning point, suggesting a more relaxed regulatory stance from the SEC on cryptocurrencies.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the market remained highly volatile ahead of the ETH ETF approval, with ETH and related coins saw significant fluctuations. The SEC's approval of the ETH spot ETF brought stability to ETH's price action, while some altcoins began to recover. This development is beneficial in the long run for tokens associated with ETH staking projects like LDO, ETH layer 2 solutions like OP and ARB, and other ETH-related tokens. ETH has continued to outperform BTC, which is a positive sign as ETH's dominance rises. Key resistance levels for ETH are at $3,963 and $4,085. Funding rates among coins remain neutral, which is positive.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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