Bitcoin (BTC) Dips Below $70K, Ethereum (ETH) and Meme Coins Surge – Crypto Market Update May 22

• Crypto prices today garnered significant attention, as Bitcoin’s price tumbled below $70K.
• Ethereum and meme coins DOGE, SHIB, & FLOKI continued upside momentum, while altcoins witnessed volatility.
• Bitcoin witnesses price fluctuations near the $70K mark.

Stay updated with the latest fluctuations in the crypto market, including Bitcoin’s dip below $70K and the continued rise of Ethereum and meme coins.

Top Crypto Prices Today

The crypto prices today witnessed a waning price action following yesterday’s remarkable bullish momentum in the crypto market. Bitcoin has witnessed high turbulency, slipping below the $70,000 mark. Simultaneously, Ethereum maintained its resiliency, hovering near the $3,800 mark. On the other hand, Altcoins SOL, XRP, and ADA witnessed a tumbled movement. Whereas DOGE and SHIB, prominencies in the meme-based crypto sector, noted considerable gains.

Bitcoin Price

Bitcoin’s price dipped 1.77% in the past 24 hours and is currently trading at $69,958. Its 24-hour lows and highs are $69,191.12 and $71,426.98, respectively. The flagship crypto’s market cap slipped 1.83% to $1.37 trillion, followed by an 18.43% fall in 24-hour trading volume to $40.73 billion.

Ethereum Price

Conversely, the Ethereum price trajectory illustrated a continued upward momentum today, surging 3.24% in the past 24 hours to $3,804. Its 24-hour lows and highs are $3,628.10 and $3,837.37, respectively. The second-largest crypto by market cap witnessed a 3.10% jump in market cap value today, reaching $456.16 billion. However, the 24-hour trading volume decreased 6.20%, reaching $33.55 billion. Ethereum’s recent attention-nabbing surge comes primarily due to the balance tipping more toward a potential ETH ETF approval.

Solana Price

SOL’s market chart illustrated a 3.83% plunge in the crypto’s price in the past 24 hours, resting at $177. According to CoinmarketCap data, Solana’s 24-hour lows and highs are $174.71 and $184.79, respectively. The token’s market cap fell 3.76% to $79.55 billion, whereas 24-hour trading volume plummeted 19.77% to $4.06 billion.

XRP Price

The Ripple Labs-backed token noted marginal gains worth 0.09% in the past 24 hours, with a highly turbulent price action. XRP currently sits at $0.5357, with its 24-hour lows and highs being $0.5322 and $0.5561. This highly turbulent price action follows the U.S. SEC’s recent opposition to Ripple’s motion to redact and seal certain remedies-related documents.

Cardano Price

Cardano (ADA) also tumbled 1.39% in the past 24 hours and stood at $0.492 at press time. ADA traded as low as $0.4911 and hit a peak of $0.5067 in the past 24 hours.

A Glimpse Into Meme Coins Prices

Dogecoin (DOGE) noted a 4.16% price upswing in the past 24 hours and is currently trading at $0.1707. Shiba Inu (SHIB) jotted gains worth 2.49% in the past 24 hours and is currently at $0.0000261.

Top Crypto Gainers Today

Floki Inu (FLOKI): FLOKI price was up 10.77% today, trading at $0.0002158.
Pepe Coin (PEPE): PEPE rallied 6.10%, resting at $0.00001419.
Arweave (AR): Arweave coin’s price jumped 2.28% to $45.87 while writing.
Wormhole (W): Wormhole’s price chart showed a 0.53% jump to $0.5675.

Top Crypto Losers Today

Worldcoin (WLD): Sam Altman’s WLD slipped 9.30% to $4.79.
Ethena (ENA): ENA tumbled 6.98% to $0.7021 today.
Celestia (TIA): TIA plunged 6.77% to $8.19 over the past day.
Dogwifhat (WIF): The Solana meme coin fell 5.98% to $2.92.

Conclusion

The global crypto market cap stood at $2.59 trillion, marking a slight 0.43% decrease over the past day. Meanwhile, the fear and greed index highlighted a ‘greed’ sentiment prevailing in the market. Intriguingly, Ethereum’s continued pump is primarily attributable to the odds of ETH ETF gaining favor. Bitcoin’s turbulency in its re-accumulation phase further rationalizes the token’s current price movements.