Crypto Price Update May 13: Bitcoin Breaches $62k, ETH Below $3,000, XRP Dips, Toncoin Surges

The global crypto market continues to experience price correction amid high volatility. The majority of the coins are trading in the red zone according to CoinMarketCap data. At the time of writing, the general crypto market cap is up 1.18% to $2.29 trillion in the last 24 hours. Furthermore, the total market trading volume recorded over the period has surged to $56.39 billion, signifying a 52.97% increase over the previous day. The volume of all stablecoins accounts for more than 90% of the total crypto market 24-hour volume.

In today’s focus, we will look at the prices of top coins like Bitcoin (BTC), Ethereum (ETH), XRP, Dogecoin (DOGE), Toncoin (TON), and others. Let us get to it.

Top Crypto Prices Today

Bitcoin, the flagship cryptocurrency has shown positive movement at the time of writing. According to CMC data, the price of BTC is up by a notable 2.46%, trading at $62,582. What is more, the 24-hour trading volume of the leading cryptocurrency has spiked by a significant 70.48% to $22.5 billion, indicating investors growing interest in the asset. Consequently, Bitcoin now has a live market cap of $1.23 trillion.

The second-largest cryptocurrency by market cap, Ethereum, looks to have followed the same footsteps. The price of Ethereum today is trading below the coveted $3,000 mark at $2,957. Additionally, the activities surrounding the coin as shown in its trading volume, have surged by 66% to $10.3 billion. As a result, ETH now has a live market cap of $354.9 billion.

Trending altcoin, XRP on the other hand, is not performing as well as the two aforementioned coins. At the time of writing, the price of XRP is down by 0.2%, changing hands at $0.50. Earlier today, the price of the coin slumped below the $0.5 mark after a whale offloaded over 30 million XRP tokens to the Bitstamp exchange. The 24-hour trading volume, however, skyrocketed by 124% to $866.6 million.

On the memecoin front, Dogecoin (DOGE), the lead token has dropped by 0.66% in the last day. Per CoinMarketCap data, the price of DOGE is at $0.142. Conversely, its trading volume has jumped by 46.6% to $877.4 million, with a live market cap of $20.5 billion.

Meanwhile, among the top ten largest cryptocurrencies, Toncoin (TON) seems to be performing better. Over the last 24 hours, the price of TON has surged by 5% to trade at $7.32. This growth is also reflected in its trading volume which has increased largely by more than 200% to $725.5 million. Consequently, TON occupies the #13 spot by largest trade volume, having a live market cap of $25.4 billion.

Top Trending Gainers Today, May 13

Amid the price drops, some tokens have performed exceptionally well within the last 24 hours. Some of the top trending gainers for today include;

Mode (MODE), a modular DeFi L2 developed using the OP Stack and part of the Optimism Superchain, has surged exponentially by 4668% within the recorded time. The price of MODE now rests at $0.045 with a live market cap of $59.4 million.

OctaSpace (OCTA) has also exhibited impressive movements. Over the last 24 hours, the price of OCTA has jumped by 30.02% to trade at $2.11. Additionally, its trading volume has grown by 486% to $1.5 million with a live market cap of $59.7 million.