"Crypto Price Today: Bitcoin, Ether See Profits, Dogecoin Hit With Losses Alongside Shiba Inu, Solana"

Crypto prices today show profits for Bitcoin and Ether, while Dogecoin faces losses alongside Shiba Inu and Solana.

On Monday, May 27, Bitcoin saw a minor gain of around one percent. At the time of writing, BTC was trading at a price point of $72,034 (roughly Rs. 59.8 lakh) on Indian exchanges like WazirX. However, internationally, Bitcoin is trading at a slightly lower price point of $68,772 (roughly Rs. 57 lakh). Market analysts note that BTC displayed a neutral performance on the price chart after the US approved ETFs for Ether last week on May 24.

Ether outperformed Bitcoin in terms of profit-making over the weekend. The second most precious cryptocurrency after BTC, ETH, is presently trading at $3,911 (roughly Rs. 3.24 lakh) on foreign exchanges after seeing a price hike of 2.54 percent. On Indian exchanges, meanwhile, ETH is hovering over the price point of $4,128 (roughly Rs. 3.42 lakh).

“ETH has posted its highest weekly return, mainly due to the ETH ETF approval. Many expected a sell-off after the approval news, but ETH remained stable, which is a positive sign. The ETH ETF approval is bullish for ETH in the long term. To signal a strong upswing, ETH needs to clear the key level of $4,000 (roughly Rs. 3 lakh).

Joining Bitcoin (BTC) and Ether (ETH) in the green zone on Monday are Tether, Binance Coin, Cardano, Polkadot, Uniswap, and Cosmos.

The overall crypto market cap rose by 0.68 percent in the last 24 hours. The current crypto market cap stands at $2.58 trillion (roughly Rs. 2,14,27,183 crore), as per CoinMarketCap. The dominance of Bitcoin and Ether as of Monday stands at 52.5 percent and 18.3 percent respectively.

Despite the momentum that the crypto sector has seen post ETH ETF approvals in the US, some altcoins did experience losses over the weekend. These include Solana and Ripple.

Dogecoin and Shiba Inu are back in the red zone after experiencing a minor spike on May 24, which occurred following Elon Musk's tweet about the passing of Kabosu, the dog that inspired both of these tokens.