Last week, the benchmark blockchain asset's sharp rise has encouraged other cryptos to keep an eye on what appears to be a favorable environment.
Major blockchain asset Bitcoin (BTC-USD) declined on May 23, while ether (ETH-USD) and chain link (LINK-USD) both advanced. Among the seven cryptos to watch, Solana (SOL-USD) and XRP (XRP-USD) were nearly flat. Finally, stablecoin tether (USDT-USD) also slipped.
Collectively, the seven cryptos to watch fell by 0.2%, closing at an average price of $54,806. In the last 24 hours, volume fell by 10.1%, reaching $31.3 billion. Finally, total crypto market cap slipped by 0.3% to $2.1 trillion.
Bitcoin, the world’s largest cryptocurrency by market capitalization, slipped 0.9% to $68,591. BTC has now lost four out of the last five sessions. However, the coin is still up more than 300% year-to-date.
Nr. 2 crypto ether, on the other hand, advanced 1.2% to $3,835. The coin has now gained three out of the last four sessions. Nevertheless, ETH is still down more than 50% from its all-time high.
Among the seven cryptos to watch, Solana was nearly flat, slipping 0.1% to $167.52. The coin has now lost three out of the last four sessions. Still, SOL is up more than 1,000% year-to-date.
Finally, XRP was also nearly flat, gaining 0.04% to 53.0 cents. The coin has now gained two out of the last three sessions. Nevertheless, XRP is still down more than 80% from its all-time high.
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