Cryptocurrency Prices Rise on May 16: Bitcoin and Ethereum Surge, While Others Decline

The cryptocurrency market saw mixed performance on May 16, 2025, with some digital assets witnessing gains while others experienced losses. CoinMarketCap data reveals that Bitcoin (BTC) rose 1.43% to $103,883.04, while Ethereum (ETH) gained 0.59% to reach $2,588.93. XRP saw a decline of 3.33%, trading at $2.41. Dogecoin (DOGE), Solana (SOL), and Avalanche (AVAX) also experienced decreases in value.