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

Bitcoin, on national and international exchanges, is trading at the price points of $72,034 (roughly Rs. 59.8 lakh) and $68,772 (roughly Rs. 57 lakh) respectively.

Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 27 May 2024 12:14 IST

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

Photo Credit: Pixabay/ Sergei Tokmakov

The crypto market cap stands at $2.58 trillion as of May 27

Highlights

Cardano, Polkadot saw gains
Chainlink, Tron saw losses
Bitcoin SV is trading in profit

Bitcoin on Monday, May 27 saw a minor gain of around one percent. At the time of writing BTC was trading at the price point of $72,034 (roughly Rs. 59.8 lakh) on Indian exchanges like WazirX. Internationally however, Bitcoin is trading at a slightly lower price point of $68,772 (roughly Rs. 57 lakh). As per Market analysts, BTC displayed a neutral performance on the price chart after the US approved ETFs for Ether last week on May 24.

Ether outperformed Bitcoin in terms of profit-making over the weekend. The second most precious cryptocurrency after BTC, ETH is presently trading at $3,911 (roughly Rs. 3.24 lakh) on foreign exchanges after seeing a price hike of 2.54 percent. On Indian exchanges, meanwhile, ETH is hovering over the price point of 4,128 (roughly Rs. 3.42 lakh).

“ETH has posted its highest weekly return, mainly due to the ETH ETF approval. Many expected a sell-off after the approval news, but ETH remained stable, which is a positive sign. The ETH ETF approval is bullish for ETH in the long term. To signal a strong upswing, ETH needs to clear the key level of $4,000 (roughly Rs. 3 lakh).

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

The overall crypto market cap rose by 0.68 percent in the last 24 hours. The present crypto market cap stands at $2.58 trillion (roughly Rs. 2,14,27,183 crore), as per CoinMarketCap. The dominance of Bitcoin and Ether as of Monday, stands at 52.5 percent and 18.3 percent respectively.

Despite the momentum that the crypto sector has seen post ETH ETF approvals in the US, some altcoins did get hit by losses over the weekend. These include Solana and Ripple.

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Dogecoin and Shiba Inu are back in losses after seeing a minor spike on May 24 that was logged because Elon Musk tweeted about the passing of Kabosu, the dog that inspired both these tokens.

pic.twitter.com/HAhqxoTcvi
— Elon Musk (@elonmusk) May 24, 2024

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

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ether, Qutm, Wrapped Bitcoin, Zcash, Tether, USD Coin, Ripple, Binance USD, Binance Coin, Cardano, Polygon, Solana, Polkadot, Dogecoin, Shiba Inu, Litecoin, Uniswap, Tron, Monero, Dash, Bitcoin Cash, Flex, Cartesi, Braintrust, Kishu Inu, Circuits of Value

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More