Bitcoin Surges Over $63K Amid Revitalized ETF Interest

In a whirlwind of crypto markets, Bitcoin stormed past the $63,000 mark, fueled by renewed ETF activity. Ethereum mirrored the bullish sentiment, holding steady above $3,100. Solana, XRP, and Cardano followed suit, marking substantial gains. This surge coincided with significant inflows into Bitcoin ETFs, marking a potential catalyst for the rally.

Major Crypto Prices Today

This information is reported by CoinGape:

Bitcoin Price

1. The Bitcoin price increased by 5.86% to $63,030.40 at the time of writing on Saturday, May 4th. In contrast, trading volume increased by 8.32% to $32.62 billion in the last 24 hours. Meanwhile, the cryptocurrency market capitalization increased to $1.27 trillion.

Ethereum Price

2. As of press time, the Ethereum price has risen 3.87% to $3,117.60, with a market capitalization of $374.48 billion. ETH's trading volume dropped 0.75% to $12.37 billion.

Solana Price

3. Solana prices have recovered dramatically, surpassing the $140 barrier on May 4. Solana prices rose 3.72%, finishing at $145.04. In comparison, SOL saw a 3.66% drop in transaction volume to $3.17 billion over the last 24 hours.

XRP Price

4. Meanwhile, the XRP price approached $0.53. The XRP price rose 1.71% to $0.5297. On the other hand, XRP's trading volume increased by 10.52% to $1.11 billion.

Cardano Price

5. Meanwhile, the Cardano cryptocurrency price rose 2.56% to $0.4682 on May 4. Meanwhile, ADA's 24-hour trading volume fell 2.45% to $323.55 million.

Dogecoin & Shiba Inu Price

6. The price of Dogecoin rose 12.17% to $0.1502, while the price of Shiba Inu climbed 7.80% to $0.00002495.

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 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 current increase in the Bitcoin price could be due to a resurgence in ETF inflows. On May 3, the Spot Bitcoin ETFs received a large $378 million surge. Furthermore, the Grayscale Bitcoin Trust (GBTC) experienced its first day of positive flow, with a $63 million net inflow.

Photo: Microsoft Bing

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