Crypto Price Today: Bitcoin, Ether See Profits, Dogecoin Hit With Losses Alongside Shiba Inu, Solana


On Monday, May 27, Bitcoin posted a minor gain of one percent. At the time of writing, BTC was trading at $72,034 (roughly Rs. 59.8 lakh) on Indian exchanges like WazirX. However, internationally, Bitcoin is trading at a slightly lower price of $68,772 (roughly Rs. 57 lakh). According to market analysts, BTC showed a neutral performance on the price chart after the US approved ETFs for Ether last week on May 24.

Ether surpassed Bitcoin in terms of profits over the weekend. The second most valuable cryptocurrency after BTC, ETH is currently trading at $3,911 (roughly Rs. 3.24 lakh) in currencies after seeing a price increase of 2.54 percent. Meanwhile, on Indian exchanges, ETH is hovering above the price of 4,128 (roughly Rs. 3.42 lakh).

“ETH has posted its highest weekly performance, mainly due to the approval of the ETH ETF. Many expected a sell-off after the approval news, but ETH held steady, which is a positive sign .ETH ETF bullish for long term ETH needs to clear key $4000 level (roughly Rs. 3 lakh).

Joining BTC and ETH on the green side of the crypto chart on Monday are Tether, Binance Coin, Cardano, Polkadot, Uniswap and Cosmos.

The global crypto market cap increased by 0.68 percent in the last 24 hours. The current crypto market cap is $2.58 trillion (roughly Rs. 2,14,27,183 crore), according to CoinMarketCap. Bitcoin and Ether dominance as of Monday stands at 52.5 percent and 18.3 percent, respectively.

Despite the boost the crypto sector has seen following ETF ETF approvals in the US, some altcoins were hit with losses over the weekend. These include Solana and Ripple.

Dogecoin and Shiba Inu are back in losses after seeing a minor peak on May 24 that was recorded because Elon Musk tweeted about the death of Kabosu, the dog that inspired these two tokens.

Avalanche, Chainlink, Near Protocol, Polygon, Litecoin, Leo, Cronos and Stellar are also trading losses as of Monday.

Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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