Crypto Prices Today – June 5: Bitcoin Approaches $71,000, Altcoins ETH, SOL, and Others Follows Its Lead with Price Surge

The latest trends in cryptocurrency prices have generated a highly optimistic atmosphere within the industry. Bitcoin (BTC) has notably surged, nearing the $71,000 threshold. Other cryptocurrencies, including Ethereum (ETH), Solana (SOL), and XRP, have followed suit, with Toncoin (TON) emerging as one of the day’s top performers. Additionally, meme coins, such as Floki Inu (FLOKI), have demonstrated substantial growth.

Despite some fluctuations, the overall cryptocurrency market capitalization has exhibited resilience, increasing by 1.63% to reach $2.61 trillion today. However, the total trading volume in the crypto market has decreased by 2.26% to $82.13 billion.

Here is an overview of the most noteworthy cryptocurrencies and their current prices as of June 5th.

Bitcoin Price

Bitcoin (BTC) has experienced a significant surge, with its value increasing by 2.27% over the past 24 hours. Its current price stands at $70,822.92, with daily lows and highs at $68,564.64 and $71,247.57, respectively.

This notable surge occurred alongside inflows of over $600 million in Bitcoin ETFs on June 4, according to data from Farside Investors. However, despite the recent approval of a BTC ETF in Thailand, the cryptocurrency couldn’t sustain its position above $71,000, leading to speculations among investors.

Ethereum Price

As the second-largest cryptocurrency by market capitalization, ETH has gained 0.89% in value over the past 24 hours, reaching $3,808.51. Its lowest and highest prices within 24 hours are $3,743.29 and $3,839.72, respectively.

Ethereum currently boasts a market capitalization of $457.45 billion.

Solana Price

Meanwhile, SOL has garnered attention with a 4.52% price surge over the past 24 hours, reaching $173.46. The cryptocurrency recorded a low of $164.52 and a high of $174.78 during this period.

XRP Price

Another widely recognized cryptocurrency, XRP, has seen a 1.07% increase in the past day, reaching $0.5263. The 24-hour low and high for this Ripple Labs-backed token are $0.5185 and $0.53, respectively. It’s important to note that $0.53 serves as a significant resistance level for XRP.

DOGE & SHIB Prices

Meme coins Dogecoin and Shiba Inu demonstrated gains of 2%-5%. DOGE’s price rose by 2.30% to $0.163, while SHIB surged by 4.59%. Meanwhile, Pepe coin also saw a modest increase, reaching $0.00001466, representing a gain of 0.69%.

Top Crypto Gainers Today

Floki Inu (FLOKI) experienced an impressive 24.69% surge, reaching $0.0003359 today.

Uniswap (UNI) saw an 18.79% increase, with its price reaching $11.33.

ORDI rose by 14.21% to $54.12.

Toncoin (TON) price rallied by 12.58% to $7.62.

Top Crypto Losers Today

Ethena (ENA) experienced a decline of 6.87% and is now priced at $0.9566.

Wormhole (W) saw a plunge of 6.81%, reaching $0.6395.

Dog To The Moon (DOG) fell by 6.36% to $0.008689.

Notcoin (NOT) slipped by 2.82% to $0.00868.

On an hourly basis, charts show that Bitcoin and Ethereum have experienced gains of approximately 0.15%. Altcoins such as SHIB, DOGE, and XRP followed this upward trend, while SOL experienced a slight decrease of 0.26%.

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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.