Bitcoin (BTC) and Ethereum (ETH), two of the most popular cryptocurrencies, experienced a decline in their prices on May 19. Bitcoin slid below the $27,000 mark, while Ethereum lost the $1,800 mark. This drop in prices is mainly attributed to the ongoing discussions on the US debt ceiling. Several other popular altcoins, including Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), also saw a decrease in their values.
Top Gainers and Losers
Mask Network (MASK) emerged as the top gainer, with a 24-hour jump of over 5 percent. On the other hand, Lido DAO (LDO) experienced the most significant decline, with a 24-hour dip of over 8 percent.
Global Market Cap
The global market cap for cryptocurrencies dipped down to $1.12 trillion on May 19, reflecting a 24-hour decrease of 1.46 percent.
Bitcoin (BTC) and Ethereum (ETH) Prices
At the time of writing, Bitcoin was priced at $26,832.03, indicating a 24-hour loss of 1.78 percent. In India, the price of BTC stood at Rs 23.25 lakh according to WazirX. Ethereum, on the other hand, was trading at $1,799.29, marking a 24-hour dip of 1.27 percent. Its price in India was Rs 1.56 lakh.
Please note that cryptocurrency prices are highly volatile and subject to market risks. Readers are advised to seek expert advice and conduct thorough research before making any investment decisions.
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