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Bitcoin Hits $70K, Ethereum Rises 17% on Strong ETF Inflows

Bitcoin Hits $70K, Ethereum Rises 17% on Strong ETF Inflows

Today’s leading cryptocurrency prices saw a bullish moment as the price of Bitcoin (BTC) rose past the $70,000 threshold. Furthermore, the price of Ethereum (ETH) overtook $3,600, signifying an important milestone. Furthermore, other well-known cryptocurrencies with significant gains included Cardano (ADA), XRP, and Solana (SOL).

Current Cryptocurrency Major Prices

1. Bitcoin

When this article was written on Tuesday, May 21, the price of Bitcoin had increased by 5.60% to $70,935.69. However, its trading volume surged by 137.82% the previous day to $50.90 billion. At the same time, the market capitalization of cryptocurrencies was $1.40 trillion.

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2. Ethereum

At the time of writing, Ethereum’s price has increased 17.23% to $3,644.76, giving it a $437.77 billion market worth. In contrast, ETH’s trading volume increased by 259.67% to reach $36.62 billion.

3. Solana

Today, the price of Solana shot up to $180. It increased by 2.36% and ended up at $181.94. Furthermore, over the past day, SOL’s transaction volume increased by 80.51% to $4.90 billion.

4. XRP

Meanwhile, the price of XRP increased beyond $0.53 once more. With a gain of 3.36%, the price of XRP reached $0.5348. Conversely, XRP experienced a 154.83% increase in trading volume, reaching $1.65 billion.

5. Cardano

Cardano’s cryptocurrency price increased by 4.26% to $0.4975 today. On the other hand, ADA’s 24-hour trading volume increased by 121.26% and ended at $609.07 million.

6. Shiba Inu & Dogecoin 

Dogecoin saw a 6.44% increase in price to $0.1643, while the price of its competitor, Shiba Inu, saw a 4.42% increase to $0.00002532.


Today’s Top Crypto Gainers

Lida DAO (LDO): Trading at $2.25, the LDO cryptocurrency saw a 28.83% price increase.

Pyth Network (PYTH): At $0.4937, the price of PYTH increased by 26.45%.

Pepe Coin (PEPE): At $0.00001108, the price of PEPE shot up 17.24%.

The price of Uniswap (UNI) increased 16.12% to $9.11.


Today’s Top Crypto Losers

Arweave (AR): At $45.37, the price of the AR cryptocurrency fell 6.67%.

Gala (GALA): At $0.04157, the price of Gala fell 6.39%.

Ondo (ONDO): At $0.9372, the Ondo cryptocurrency price decreased by 0.43%.

Not many notable cryptocurrencies saw drops in value.

As the May 23 deadline draws nearer, the spike in ETH might react to the excitement around approving the Spot Ethereum ETF applications. According to Bloomberg, the SEC’s most recent disclosure of revised 19b-4 filings has raised the chances of the Ether ETF being approved to 75%. Additionally, on Monday, May 20, the Spot Bitcoin ETFs saw substantial inflows totalling $237 million. It’s possible that this inflow drove the price of Bitcoin above $70,000.

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