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Bitcoin, Ethereum and other Altcoins recover amid market rally

TokenTalk Staff

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Bitcoin, Ethereum and other Altcoins recover amid market rally

Top crypto prices recorded a rebound today as the price of Bitcoin (BTC) surpassed the $59,000 level. Additionally, the price of Ethereum (ETH) reached the $3,000 mark, losing its grip at a crucial level. Additionally, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA), have also recovered significantly.

Top Cryptocurrency Prices Today

1. Bitcoin Price

THE Bitcoin Price jumped 4% to $59,539.94 at the time of writing on Friday, May 3. On the other hand, its trading volume fell by 39.14% to $30.11 billion in the last 24 hours. Meanwhile, the crypto market cap 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. Meanwhile, ETH saw its trading volume plunge 38.14%, reaching $12.47 billion.

3. Solana Prize

THE Solana Price has recovered significantly and approached the $140 mark today. Solana price increased by 8.33%, settling at $139.84. On the other hand, SOL saw a 20.36% drop in trading volume to $3.31 billion over the past 24 hours.

4. XRP Price

While the XRP Price traded above the $0.52 level. XRP price registered a gain of 1.7m81%, reaching $0.5209. On the other hand, XRP trading volume fell by 43.68% to $1 billion.

5. Cardano Price

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

6. Dogecoin and Shiba Inu Price

THE Dogecoin Price jumped 7.35% to $0.1336 while its rival, Shiba Inu Price rose by 6.37% and is trading at $0.00002315.

Read also: Jack Dorsey Block Increases Bitcoin Bet with 10% Reinvestment of Winnings

Top Crypto Gainers Today

  • Arweave (AR): Arweave crypto jumped 20.94% and is trading at $34.15.
  • Bonk (BONK): Bonk crypto price increased by 16.85% to $0.00002588.
  • Pepe (PEPE): Pepe crypto price increased by 15.77% and was valued at $0.000007916.
  • Toncoin (TON): The price of TON crypto increased by 13.64% to $5.38.

Top Crypto Losers Today

  • Cosmos (ATM): Cosmos price lost 1.66% to $8.58.
  • Gnosis (GNO): GNO price fell 0.67% to $304.84.
  • Kaspa (KAS): The Kaspa crypto fell 0.36% to $0.1074.

Due to the recent rebound, only the three cryptocurrencies mentioned above are on the list of top crypto losers. Meanwhile, the list of winners included Ondo, Immutable, Dogwifhat and Jupiter among others.

Read also: Tether implements Chainalysis monitoring to combat illicit crypto activity

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Altcoins

Here’s When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

TokenTalk Staff

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Here's When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

A widely followed analyst reveals a possible timeline for altcoin markets to record new all-time highs.

In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he’s taking a close look at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.

According to Pizzino, TOTAL3 experienced a 26-month accumulation period during the last cycle, spanning from late 2018 to early 2021, before launching a parabolic surge.

Pizzino says TOTAL3 could reflect the same pattern in this cycle and could be a few months away from triggering a strong bullish surge.

“That would take us around February, so the first quarter [of 2025]. As you look at the fourth quarter of 2024 – the first quarter of 2025, I think that probably had a pretty good move to a new high price…

All this fear of a market decline would be forgotten in the fourth quarter. I’m going to put myself in danger here. »

Source: Jason Pizzino/YouTube

Looking at the trader’s chart, he seems to predict that the total altcoin market cap will fall to the 50% Fibonacci level, at around $400 billion, before sparking a recovery and hitting a new all-time high at -above $1 trillion by early next year.

At the time of writing, TOTAL3 is hovering at $597 billion.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Altcoins

Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

TokenTalk Staff

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Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

Kitco NEWS has a diverse team of journalists who cover the economy, stock markets, commodities, cryptocurrencies, mining and metals accurately and objectively. Our goal is to help people make informed market decisions through in-depth reports, daily market summaries, interviews with leading industry figures, comprehensive (often exclusive) coverage of important industry events and analyzes of developments affecting the market.

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

TokenTalk Staff

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

An Analyst Who Accurately Called the 2022 Crypto Collapse Becomes Bullish on Solana (GROUND) and rendering (RNDR).

Analyst pseudonym Capo tell its 90,280 Telegram subscribers than Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend.

“Added more to the long SOL and RNDR.”

Solana is trading at $133 at the time of writing, down almost 7% in the last 24 hours. Meanwhile, RNDR is trading at $7.17 at the time of writing, down 10% in the last 24 hours.

The analyst also monitors the OTHERS three-day chart, which tracks the total crypto market capitalization excluding the 10 largest digital assets and stablecoins, for signs of a rebound.

“Altcoins: the green zone is support but we should see a rebound soon. If green holds, then we should expect movement towards the red zones (T1 and T2). If green doesn’t hold, then blue. Judging by sentiment and indicators, I think the bullish scenario is more likely.

Source: Capo/Telegram

OTHERS is valued at $219.25 billion at the time of writing, down more than 7% in the last 24 hours.

Then the trader says that ETH against Bitcoin (BTC) could be preparing for an escape.

“ETH/BTC: This looks bullish.”

Source: Capo/Telegram

Looking at his chart, the analyst suggests that ETH/BTC could soon reach 0.065 BTC ($4,196). ETH/BTC is trading at 0.0532 BTC ($3,442) at the time of writing, up slightly over the past 24 hours.

Finally, the analyst claims that the bottom could be reached for the crypto market and predicts that a breakout is coming.

“The market has reached its lowest level again. BTC is holding above $65,000, but alts are suffering much more. It’s like that. Overall, it looks like local background training. Too negative sentiment and financing, filled offers and everything is very oversold. I still expect a strong rebound.

Bitcoin is trading at $64,661 at the time of writing, down 2.5% in the last 24 hours.

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Altcoins

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Altcoin selloff wipes out $4.9 billion in DeFi TVL

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