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Home ยป Crypto Market Update May 6: Bitcoin Reaches $63k, Ethereum Surpasses $3,100, Solana and TON Experience Significant Surges
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Crypto Market Update May 6: Bitcoin Reaches $63k, Ethereum Surpasses $3,100, Solana and TON Experience Significant Surges

By adminMay. 6, 2024No Comments3 Mins Read
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Crypto Market Update May 6: Bitcoin Reaches $63k, Ethereum Surpasses $3,100, Solana and TON Experience Significant Surges
Crypto Market Update May 6: Bitcoin Reaches $63k, Ethereum Surpasses $3,100, Solana and TON Experience Significant Surges
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The week has started positively for the crypto market, with most tokens experiencing an increase in their prices. According to data from CoinMarketCap, the global crypto market cap has grown by 0.56% to reach $2.34 trillion in the past 24 hours. Additionally, the total market trading volume has surged by 27.60% to $63.45 billion, with stablecoins accounting for over 90% of the volume at $57.17 billion.

Today, we focus on the price movements of top cryptocurrencies such as Bitcoin, Ethereum, Solana, and TON. Let’s take a closer look at their performances.

Bitcoin, the leading cryptocurrency, has seen a slight increase in its price. At the time of writing, BTC is trading at $63,917, representing a 0.25% spike in the last 24 hours. Its trading activity has also surged by 39.33% to $24.6 billion within the recorded time, resulting in a live market cap of $1.26 trillion.

The price of Ethereum (ETH), the second-largest cryptocurrency by market cap, has crossed the $3,100 mark to trade at $3,121, indicating a 0.49% decline in the past 24 hours. ETH has witnessed a 32.7% uptick in its 24-hour trading volume, reaching $11.3 billion, and it currently has a live market cap of $374.3 billion.

Among the top ten cryptocurrencies, Solana (SOL) has recorded the most significant gains. Its price has surged by 6.50% in the last 24 hours to trade at $155.78. However, the trading volume has declined by 8.46% to $2.39 billion during the same period. Solana holds the #5 spot on the crypto market chart with a live market cap of $69.3 billion.

TON, the 9th-largest cryptocurrency by market cap, has also experienced a surge of 3% in the past 24 hours, trading at $5.98. Furthermore, its 24-hour trading volume has skyrocketed by 69.6% to $261 billion, and it currently has a live market cap of $20.7 billion.

In the memecoin space, Dogecoin (DOGE) has dropped by 0.31% to trade at $0.159 in the last 24 hours. It has a 24-hour trading volume of $1.59 billion and a live market cap of $23 billion. Meanwhile, Shiba Inu (SHIB), the second-largest memecoin by trade volume, has declined by 0.29% at the time of writing to trade at $0.00002466.

Moving on to the trending list, some tokens have seen substantial gains in the past 24 hours. One of them is Shark Cat (SC), a Solana-based meme coin featuring the popular shark cat meme. It has surged by 24.63% to reach $0.20. Shark Cat currently occupies the #2484 position on the global crypto market chart with a live market cap of $198.2 million.

Tellor (TRB), a decentralized oracle protocol that provides requested data, is the second top gainer today. The coin has witnessed gains of 17% in the last 24 hours. TRB is positioned at #250 on the global crypto market chart with a market cap of $240 million.

Tags: Bitcoin (BTC), Ethereum, Shark Cat, Solana, TON, TRB

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