Crypto Prices Today: Bitcoin Price Dips to $110,703 as Ethereum Nears $2,700
Bitcoin Price drops to $110,703, down 0.66%, while holding above the crucial $110K mark.
Ethereum Nears $2700, rising 2.50% on the back of upcoming network upgrades.
Cardano, Solana, and Dogecoin rally, with ADA jumping over 4.6% in 24 hours.
The global crypto market cap stays above $3.5 trillion, showing resilience and investor optimism.
The crypto market today, on May 23, 2025, shows bullish signals with minor corrections in some tokens. Bitcoin price faces a slight pullback while altcoins show renewed momentum. A market cap of $3.51 trillion reflects strong investor participation, particularly in Ethereum and Cardano. Analysts suggest that the market may be entering a rotation phase, from Bitcoin into higher-yielding altcoins. Avinash Shekhar, Co-founder & CEO at Pi42, echoed this sentiment. He noted, “Bitcoin’s surge beyond $110,000 is a historic milestone, signaling not just bullish sentiment but a strong wave of institutional and retail conviction. While the momentum is real and $150K–$200K doesn’t seem outlandish in a price discovery phase, the market rarely moves in a straight line.
Crypto Prices Today
Let’s explore the crypto price movements of the top ten tokens as of 10.45 AM on May 23.
Bitcoin (BTC) Holds $110.7K Amid Light Pullback
Bitcoin is trading at $110,703.27, reflecting a 0.66% drop in the last 24 hours. With a $2.2 trillion market cap and over $62.9 billion in trading volume, Bitcoin remains the anchor of the market. The dip follows a bullish streak that tested resistance around $112 K. As Shekhar said, current leverage and funding rates suggest a pause or correction might be healthy for long-term market stability.
Ethereum (ETH) Nears $2,700, Gains 2.5%
Ethereum rose to $2,694.21, marking a 2.50% gain. It has a market cap of $325 billion and $28.12 billion in trading volume. Optimism around Ethereum’s Dencun upgrade,
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