Cryptocurrency Price on May 9: Bitcoin below $61.8K; Cardano, Toncoin surge up to 4%
cryptocurrency tokens was mixed. Bitcoin, Ethereum, Solana, Dogecoin, and Avalanche experienced losses of up to 2%. Meanwhile, BNB, XRP, Toncoin, Cardano, Tron, Litecoin, and Chainlink saw gains of up to 4%.
Meanwhile, the global cryptocurrency market cap declined by 0.85% to around $2.28 trillion in the last 24 hours.
Bitcoin was down 1.2% at $61,747 as of 11:44 a.m., while Ethereum was below the $3,050 level.
«In the last 24 hours, the crypto market remained in a sideways trend, with mixed trading seen in altcoins. BTC and ETH exhibited choppy price action amid a lack of significant macro announcements, leading to lower trading volume. ETF inflows also showed a slight negative trend,» said CoinDCX Research Team.
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View Details»Edul Patel, CEO of Mudrex, said, «Bitcoin fell to $61,000 level as regulatory scrutiny in the US looms. Investors are also pressured by uncertainty over the US interest rates, as the Fed signaled to keep the rates unchanged in 2024.»
The volume of all stablecoins is now $59.66 billion, which is 91.65% of the total crypto market
