Cryptocurrency Price Today (May 23): Bitcoin Sets ANOTHER All-Time High, Soars Past $111,000

Cryptocurrency price on May 23 quick take: The global market cap rose to $3.47 trillion.

By : Shayak Majumder | Updated at : 23 May 2025 10:31 AM (IST)

Bitcoin price stood at $111,056.12 on Friday.
Source : Mohamed Hassan/Pixabay

Bitcoin (BTC), the world’s oldest and most valued crypto, remained on its upwards momentum, climbing above the $111,000 mark for the first time, setting a new all-time high (ATH) for the second consecutive day. Riding BTC’s momentum, other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw good jumps across the board as the overall Market Fear & Greed Index stood at 76 (Greed) out of 100, as per CoinMarketCap data. SPX6900 became the biggest gainer, with a 24-hour jump of nearly 20 percent. EOS turned out to be the biggest loser today, with a 24-hour dip of nearly 4 percent. 

The global crypto market cap stood at $3.53 trillion at the time of writing, registering a 24-hour jump of 1.68 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $111,056.12, registering a 24-hour gain of 0.21 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 88.10 lakh.

Ethereum (ETH) Price Today

ETH price stood at $2,709.29, marking a 24-hour jump of 4.30 percent at the time of writing. Ethereum price in India stood at Rs 2.02 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 4.51 percent, as per CoinMarketCap data, currently priced at $0.2517. Dogecoin price in India stood at Rs 18.63.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 3.72 percent. At the time of writing, it was trading at $102.32. LTC price in India stood at Rs 8,144.86.

Ripple (XRP) Price Today

XRP price stood at $2.46, seeing a 24-hour jump of 2.61 percent. Ripple price in India stood at Rs 199.58.

Solana (SOL) Price Today

Solana price stood at $184.58, marking a 24-hour gain of 5.59 percent. SOL price in India stood at Rs 14,097.14. 

Top Crypto Gainers Today (May 23)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Worldcoin (WLD)

Price: $1.57
24-hour gain: 29.26 percent

Hyperliquid (HYPE)

Price: $35.52
24-hour gain: 17.77 percent

Jupiter (JUP)

Price: $0.6167
24-hour gain: 17.56 percent

dogwifhat (WIF)

Price: $1.34
24-hour gain: 17.54 percent

Zcash (ZEC)

Price: $49.57
24-hour gain: 14.94 percent

Top Crypto Losers Today (May 23)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Walrus (WAL)

Price: $0.5864
24-hour loss: 8.59 percent

Pi (PI)

Price: $0.8178
24-hour loss: 3.63 percent

Sui (SUI)

Price: $3.91
24-hour loss: 2.10 percent

Core (CORE)

Price: $0.8509
24-hour loss: 2.06 percent

Monero (XMR)

Price: $386.09
24-hour loss: 1.47 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin is stabilising around $111,500 after hitting a new all-time high of $111,970, entering uncharted territory with strong momentum. This rally has extended to altcoins like ETH, Solana, and Hyperliquid, gaining up to 17% in a single day. Moreover, institutional inflows have helped BTC maintain sustained momentum, with Spot ETFs seeing over $600 million in net inflows in a day. Additionally, the US Dollar Index has dropped more than 2.6% over the last 10 days, making crypto an attractive hedge against inflation. Bitcoin now faces resistance at $112,600, with key support moving to $108,700.”

CoinSwitch Markets Desk noted, “BTC continued its bullish momentum, breaking past the $111K mark and setting a new all-time high at $111,800 before stabilizing around $111,340. The rally is fueled by a combination of positive macroeconomic signals and growing investor confidence in BTC as a hedge against potential U.S. dollars. BTC futures volume crossed $200M, while open interest climbed to $80.91 billion, indicating a heavy reliance on leveraged positions in driving this uptrend. Meanwhile, FIFA has transitioned its digital collectibles project, FIFA Collect, from Algorand to Avalanche.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin has surged to $111,000, breaking previous resistance and confirming bullish momentum. Institutional flows, ETF demand, and diminishing exchange reserves are fueling the rally. Post-halving dynamics are now in full effect, with miners holding rather than selling. The market is showing signs of controlled aggression—whales are letting retail drive price while quietly building positions during dips. A clean break above $112.5K could unlock a run toward $120K. However, funding rates are heating up, hinting at potential short-term pullbacks. For now, Bitcoin is king, and the rally is being led not by hype, but by structured capital and real conviction.”

Avinash Shekhar, Co-founder & CEO, Pi42, said, “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. At Pi42, we’re observing heightened leverage and rising funding rates—both of which hint at potential near-term volatility. A healthy pullback could offer stability and reset the baseline for the next leg up. As always, risk management and disciplined entry points remain key in this kind of environment.” 

CoinDCX Research Team noted, “After a major rise, Bitcoin bulls appear a little exhausted, and as a result, the price is consolidating around the gains. Regardless of a minor upward pressure, the global market capitalization remains above $3.5 trillion, while the volume remains slightly lower than the previous day. Meanwhile, Worldcoin leads the top gainers with a surge of over 27%, followed by dogwifhat, Jupiter, and Hyperliquid with over 17% each. On the other hand, Walrus drops by nearly 10%, followed by Pi, Sui, and Monero within the range of 2% to 4%.”

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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Published at : 23 May 2025 09:08 AM (IST)
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