Bitcoin Rallies Past $63K As ETF Inflows Regain Momentum

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The top crypto prices today extended the rebound frenzy as the Bitcoin (BTC) price surged past the $63,000 level. In addition, the Ethereum (ETH) price mirrored the sentiment and sustained above the $3,100 mark. Moreover, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also gained notably.

Major Crypto Prices Today

1. Bitcoin Price

The Bitcoin price surged by 4% reaching $59,539.94 at the time of writing on Friday, May 3. On the other hand, it’s trading volume plummeted 39.14% to $30.11 billion in the last 24 hours. Whilst, the crypto’s market capitalization soared to $1.17 trillion.

2. Ethereum Price

The Ethereum price gained 3.07% to $3,001.36 at press time with a market valuation of $360.38 billion. Whilst, ETH saw its trading volume plunge 38.14%, reaching $12.47 billion.

3. Solana Price

The Solana price recovered significantly and approached the the $140 mark today. The Solana price rallied 8.33%, settling at $139.84. In contrast, SOL witnessed a 20.36% drop in trade volume to $3.31 billion in the last 24 hours.

4. XRP Price

Whilst, the XRP price traded above the $0.52 level. The XRP price recorded a gain of 1.7m81%, reaching $0.5209. On the other hand, XRP’s trading volume slumped 43.68% to $1 billion.

5. Cardano Price

Meanwhile, the Cardano crypto price was up 2.82% to $0.4566 today. Whilst, ADA recorded a decline of 37.77% in its 24-hour trading volume, settling at $331.69 million.

6. Dogecoin & Shiba Inu Price

The Dogecoin price surged 7.35% to $0.1336 while its rival, Shiba Inu price was rallied 6.37% and traded at $0.00002315.

Also Read: Jack Dorsey’s Block Boosts Its Bitcoin Bet With 10% Gain Reinvestment

Top Crypto Gainers Today

  • Nervos Network (CKB): The CKB crypto surged 18.70% and traded at $0.01872.
  • Dogwifhat (WIF): The Dogwifhat meme crypto price rallied 17.62% to $3.31.
  • Floki (FLOKI): The Floki crypto price was soared 17.11% and was valued at $0.0001957.
  • Stacks (STX): The STZ crypto price rose 13.98% to $2.39.

Top Crypto Losers Today

  • Helium (HNT): The Helium price lost 2.50%% to $5.37.
  • Sui (SUI): The Sui price dipped 2.10% to $1.10.
  • Ondo (ONDO): The Ondo crypto dropped 0.78% to $0.8199.
  • Polkadot (DOT): The DOT price was down 0.39% to $7.18.

The recent rebound in the Bitcoin price could be largely attributed to the resurgence of ETF inflows. On Friday, May 3, the Spot Bitcoin ETFs recorded a massive influx of $378 million. Moreover, the Grayscale Bitcoin Trust (GBTC) witnessed the first day of positive flow with $63 million net inflow.

Also Read: Tether Implements Chainalysis Surveillance to Tackle Illicit Crypto Activities

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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