Cryptocurrency Price Today (May 20): Bitcoin Rises Above $106,000, AAVE Becomes Biggest Gainer
Bitcoin (BTC), the world’s oldest and most valued crypto, rose above the $106,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the green across the board as the overall Market Fear & Greed Index stood at 68 (Greed) out of 100, as per CoinMarketCap data. AAVE became the biggest gainer, with a 24-hour jump of nearly 26 percent. FARTCOIN turned out to be the biggest loser today, with a 24-hour dip of nearly 2 percent.
The global crypto market cap stood at $3.36 trillion at the time of writing, registering a 24-hour jump of 3.72 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $106,354.42, registering a 24-hour gain of 3.21 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 88.10 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,568.58, marking a 24-hour jump of 7.76 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 3.94 percent, as per CoinMarketCap data, currently priced at $0.2276. Dogecoin price in India stood at Rs 18.63.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.92 percent. At the time of writing, it was trading at $98.01. LTC price in India stood at Rs 8,144.86.
Ripple (XRP) Price Today
XRP price stood at $2.38, seeing a 24-hour jump of 2.17 percent. Ripple price in India stood at Rs 199.58.
Solana (SOL) Price Today
Solana price stood at $164.01, marking a 24-hour loss of 3.18 percent. SOL price in India stood at Rs 14,097.14.
Top Crypto Gainers Today (May 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Aave (AAVE)
Price: $269.40
24-hour gain: 25.59 percent
Pendle (PENDLE)
Price: $4.45
24-hour gain: 13.69 percent
Curve DAO Token (CRV)
Price: $0.7404
24-hour gain: 12.64 percent
SPX6900 (SPX)
Price: $0.7505
24-hour gain: 12.10 percent
Virtuals Protocol (VIRTUAL)
Price: $2
24-hour gain: 9.93 percent
Top Crypto Losers Today (May 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Fartcoin (FART)
Price: $1.23
24-hour loss: 1.67 percent
DeXe (DEXE)
Price: $12.66
24-hour loss: 0.38 percent
PAX Gold (PAXG)
Price: $3,229.34
24-hour loss: 0.32 percent
Tether Gold (XAUt)
Price: $3,217.55
24-hour loss: 0.19 percent
EOS (EOS)
Price: $0.7553
24-hour loss: 5.06 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin is showing strong recovery, trading near $106,700 after a brief pullback triggered by Moody’s downgrade of U.S. debt, reaffirming its appeal as a hedge against uncertainty. This rebound aligns with rising investor appetite for crypto investment products, with the U.S. drawing over $7.5 billion in inflows in 2025 alone. Meanwhile, the Dollar Index is trending toward a drop below 100, pointing to dollar weakness and boosting demand for risk assets like crypto. Currently, BTC needs to breach the resistance at $107,500 for a move towards a new ATH. The support remains at $102,750.”
CoinSwitch Markets Desk noted, “Bitcoin surged past the $106K mark following Moody’s decision to downgrade the U.S. credit rating from AAA to Aa1. The downgrade—driven by concerns over the country’s ballooning $36.87 trillion sovereign debt—sparked renewed investor unease, reinforcing BTC’s narrative as a macro hedge against traditional financial instability. As a result, Bitcoin’s dominance climbed by 4.07%. Ethereum wasn’t far behind in the rally, jumping 6.8% in the past 24 hours and crossing the $2,500 level for the first time in weeks.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin’s swift rally past $107,000, followed by a sharp correction, is a textbook example of heightened volatility in an overheated market. The sudden rejection highlights how sentiment-driven surges can quickly unravel when profit-taking and resistance levels converge. Altcoins, which typically mirror and exaggerate BTC’s trajectory, have borne the brunt of this pullback, with major tokens like SOL, AVAX, and SHIB posting substantial losses. As market dominance shifts back in Bitcoin’s favor, we’re seeing capital consolidate into safer digital assets.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading above $106,000, marking a historic phase of price discovery post-halving. Momentum remains bullish with strong institutional inflows and diminishing exchange reserves. Key resistance lies at $108,400, with breakout potential toward $113,000. Support is holding at $101,300, where buyers are visibly defending dips. RSI is near overbought, suggesting short-term consolidation before the next leg up. Open interest and funding rates indicate leveraged longs building across major exchanges. Market sentiment remains highly optimistic, with forecasts targeting $120,000+ within days. Unless macro shocks disrupt momentum, Bitcoin appears to be entering a vertical accumulation phase—driven by supply crunch and institutional conviction.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin is trading around $105,000 – $106,000, showing a slight positive gain over the last 24 hours. Some analysts anticipate a “golden cross” pattern on Bitcoin’s daily chart, which could signal further bullish momentum. JP Morgan CEO has announced that bank will allow its clients to purchase Bitcoin, which is seen as a big boost from retail and institutional adoption point of view.”
CoinDCX Research Team noted, “The optimism around the Bitcoin price rally has increased significantly. Just before the day’s close, the token received a major bullish push, which helped it rise above $106K. The other tokens have also followed the trend, due to which the entire market has turned bullish, with the market cap rising above $3.35 trillion. Interestingly, Aave leads the top gainers with over a 20% rise, followed by Pendle & Curve DAO with 9% each and Ethereum, Maker & Chainlink with 6% to 7% each. Besides, Fartcoin drops by over 4%, the highest, while others are trying to rise above the bearish influence.”
Subscribe And Follow ABP Live On Telegram: t.me/officialabplive
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.