Bitcoin (BTC) Drops to $60K, Ethereum (ETH) & Other Altcoins Experience Sharp Decline: Crypto Market Update, May 11

  • The crypto market experiences a bearish turn with Bitcoin hovering around $60,000 and significant dips in Ethereum, Solana, XRP, and other altcoins.
  • Bitcoin, after rebounding past $63,000, experienced a sudden drop, while Ethereum inched closer to dip below $2,900.
  • Meme coins like Shiba Inu and Dogecoin also recorded losses.

Today’s crypto market sees significant losses with Bitcoin, Ethereum, and other altcoins experiencing a dip. Find out the details and what this means for the market.

Bitcoin Price Drop

Bitcoin price plunged 3.33% reaching $60,802.57 at the time of writing. Its trading volume soared 7.55% to $27.12 billion in the last 24 hours, while the crypto’s market capitalization stood at $1.19 trillion.

Ethereum Price Crash

Ethereum price crashed 3.60% to $2,916.58 at press time with a market valuation of $350.36 billion. ETH saw its trading volume surged 8.86%, reaching $11.98 billion.

Altcoins Register Notable Losses

Solana Price

The Solana price extended lower than the $150 level today. The Solana price lost 4.86%, settling at $145.26. In contrast, SOL witnessed a 5.68% gain in trade volume to $2.46 billion in the last 24 hours.

XRP Price

The XRP price traded around the $0.50 mark amid the bearish downturn. The XRP price recorded a dip of 2.63%, reaching $0.5045. On the other hand, XRP’s trading volume rose by 7.76% to $1.04 billion.

Conclusion

The crypto market today saw significant losses with Bitcoin, Ethereum, and other altcoins experiencing a dip. This bearish turn could be a result of several factors, including market volatility and investor sentiment. As the market continues to evolve, investors should stay informed and make decisions based on careful analysis.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Bitcoin 24h: CEX Net Outflow of 1,609.79 BTC — Binance Leads Outflows, Coinbase Pro Records 2,454.15 BTC Inflow

According to Coinglass data, centralized exchanges recorded a cumulative...

Coinglass Warns Ethereum Could Trigger $1.488B Long Liquidations Below $4,500 or $1.566B Shorts Above $4,800 on CEXs

Coinglass data cited by COINOTAG on September 14 indicates...

Bitcoin Reacts to Fed’s Likely 25bps Cut: Markets Brace for Powell’s Dot Plot and Global Rate Decisions

Recent macro releases — a moderate CPI and PPI...

Vitalik Buterin Announces Ethereum’s 10x Capacity Push via Layer-2 at EthTokyo 2025, Urges Asian Developers

At EthTokyo 2025, Ethereum co‑founder Vitalik Buterin outlined a...

Bitcoin Dominance Drops to 57.35%, Nearing 2025 Low as Matrixport Signals Altseason

COINOTAG reported on September 13 that market data shows...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img