Cryptocurrency Price Today: Bitcoin Remains Below $28,000 As Top Coins See Minor Gains
Cryptocurrency price on May 10 quick take: The global market cap stood at $1.14 trillion.
Bitcoin (BTC), the oldest and most valued crypto in the world, failed to rise above the $28,000 mark early Wednesday. Ethereum (ETH) saw a minor dip and remained within the $1,800 range. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) —managed to see minor gains across the board. The Bitcoin SV (BSV) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 38 percent.
The global crypto market cap stood at $1.14 trillion at the time of writing, registering a 24-hour dip of 0.24 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $27,689.97, registering a 24-hour gain of 0.11 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.21 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,845.23, marking a 24-hour dip of 0.05 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.62 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.92 percent, as per CoinMarketCap data, currently priced at $0.07326. As per WazirX, Dogecoin price in India stood at Rs 6.47.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.13 percent. At the time of writing, it was trading at $79.90. LTC price in India stood at Rs 6,905.04.
Ripple (XRP) Price Today
XRP price stood at $0.4299, seeing a 24-hour jump of 1.29 percent. As per WazirX, Ripple price stood at Rs 37.71.
Solana (SOL) Price Today
Solana price stood at $20.72, marking a 24-hour gain of 0.23 percent. As per WazirX, SOL price in India stood at Rs 1,842.26.
Top Crypto Gainers Today (May 10)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bitcoin SV (BSV)
Price: $42.06
24-hour loss: 38.04 percent
Terra Classic (LUNC)
Price: $0.00009406
24-hour loss: 11.45 percent
Kava (KAVA)
Price: $0.8269
24-hour loss: 10.74 percent
Pepe (PEPE)
Price: $0.000002054
24-hour loss: 9.94 percent
Bitcoin Cash (BCH)
Price: $120.39
24-hour loss: 8.71 percent
Top Crypto Losers Today (May 10)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Render Token (RNDR)
Price: $1.70
24-hour loss: 7.49 percent
Stacks (STX)
Price: $0.671
24-hour loss: 6.63 percent
WOO Network (WOO)
Price: $0.2197
24-hour loss: 5.76 percent
Casper (CSPR)
Price: $0.05004
24-hour loss: 5.23 percent
Injective (INJ)
Price: $6.24
24-hour loss: 4.77 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the last 24 hours, the price of Bitcoin has remained stable without significant fluctuations. As the blockchain congestion eases, BTC's value began to rebound. At the same time, investors are closely monitoring the Consumer Price Index (CPI) inflation figures scheduled to be released today. Currently, BTC is trading at around $27,600 and encountering resistance near the $28,000 mark. In contrast, Ethereum, the second-largest cryptocurrency, remained steady at around $1,840.”
WazirX Vice President Rajagopal Menon said, “Bitcoin’s moving averages continue to indicate a ‘Sell’ sentiment. More and more TradFi institutions are making deep inroads in Crypto amidst an overall Neutral market sentiment. Countries around the world are introducing Web3 native features and regulations, indicating a move towards a safer ecosystem for the adoption of digital assets.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market remained stable after the blockchain congesting started to fade away. Bitcoin witnessed a marginal jump in its value while ETH and other altcoins witnessed a similar trend. Inflation concerns and geo-political uncertainty are restricting the market momentum currently but we can expect some respite if macroeconomic conditions improve in the coming weeks. Global investors will be closely watching the CPI data which is slated for today.”
CoinDCX Research Team told ABP Live, “Bitcoin has been experiencing bearish pressure, and it is struggling to stay above the $27,750 support level. As a result, traders are speculating whether there will be more selloffs in the future, keeping an eye on the upcoming CPI and PPI data this week. Meanwhile, Ethereum has failed to break above the $1,850 resistance level, leaving investors to ponder if there's more downside to come.”
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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