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Crypto Market Update: Bitcoin & Ethereum Dip, Solana & XRP

Crypto Market Update: Bitcoin & Ethereum Dip, Solana & XRP


Significant drops were seen in today’s leading cryptocurrency values as the price of Bitcoin (BTC) broke below $64,000. Moreover, during the bearish turn, the price of Ethereum (ETH) dropped below $3,100. Cardano (ADA) declined, but popular altcoins like Solana (SOL) and XRP saw significant gains. 

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Major Crypto Prices Today 

1. The price of bitcoin

Source: CoinMarketCap 

As of Tuesday, May 7, Bitcoin’s price had decreased by 1.12% to $63,412.60. However, its trading volume increased by 71.55% to $30.31 billion in the last 24 hours. In the meantime, the market value of cryptocurrencies fell to $1.24 trillion. 


2. Ethereum Price

Source: CoinMarketCap

At the time of writing, the price of Ethereum had dropped 2.65% to $3,065.74, giving it a market valuation of $368.29 billion. In contrast, ETH experienced a 66.20% increase in trading volume, reaching $13.78 billion. 


3. Solana 

Source: CoinMarketCap



The price of Solana made a considerable comeback and held onto the $150 mark today. It increased by 4.54% to $155.02. In comparison, SOL had a 116.38% surge in transaction volume to $3.24 billion in the last 24 hours. 


4. XRP Price

Source: CoinMarketCap

In the meantime, the price of XRP remained above $0.53. With a gain of 0.79%, the price of XRP reached $0.5377. Conversely, the trading volume of XRP had a remarkable 240.29% increase, reaching $1.84 billion. 


5. Cardano 

Source: CoinMarketCap

The price of the cryptocurrency Cardano dropped 2.06% to $0.4495 today. ADA recorded a surge of 65.46% in its 24-hour trading volume, settling at $368.81 million. 


6. Shiba Inu & Dogecoin Prices 

Dogecoin’s price dropped 97% to $0.156, while the price of its competitor,

Shiba Inu, fell 4.34% to $0.00002371. 


Top Crypto Gainers Today 

AIOZ Network (AIOZ): At $0.8157, the AIOZ cryptocurrency price increased 7.47%. 

Worldcoin (WLD): The cryptocurrency saw a 4.32% increase and was trading at $6.12. 

Render (RNDR): At $10.40, the Render cryptocurrency saw a 4.22% increase in value. 

Injective (INJ): The INJ coin price gained 3.86% to $25.09. 

Top Crypto Losers Today

Bonk (BONK): The Bonk price decreased by 6.95%% to $0.00002501. 

Conflux (CFX): The CFX price dipped 6.43% to $0.2142. 

FLOKI (Floki): The Floki crypto dropped 6.37% to $0.0001793. 

Optimism (OP): The OP price went down 6.14% to $2.73.

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