As a seasoned analyst with extensive experience in the crypto market, I’ve closely monitored today’s trading session with great interest. The overall crypto market landscape presented a mixed bag of results, with Bitcoin (BTC) showing slight gains while Ethereum (ETH) and most altcoins experienced price declines.
Today’s crypto markets experienced a predominantly downward trading day, with Bitcoin (BTC) being an exception as it saw green. Ethereum (ETH), on the other hand, continued its slide. Notable altcoins like Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) mirrored this trend. However, Notcoin (NOT) bucked the trend by continuing to rise. The global crypto market capitalization inched up by 0.06% to reach $2.54 trillion over the last day. Additionally, the total crypto market volume surged by 0.58% to $83.07 billion within the same timeframe.
Here’s a brief overview of some of the top cryptos and their price movements today, May 31.
Top Crypto Prices Today
Bitcoin Price
The leading cryptocurrency has experienced a rise of 0.92% in value over the last 24 hours, now priced at $68,591.21. Additionally, its lowest point within that timeframe was $67,118.08, while the highest reached $69,500.54.
Based on the information from Coinmarketcap, I’ve noticed an uptick of 0.41 percentage points in Bitcoin’s dominance, which now stands at 53.07%. Yet, Bitcoin’s price action over the last 24 hours has been quite volatile as evidenced by its chart.
Ethereum Price
Over the last 24 hours, Ethereum’s price decreased by 0.80%, settling at a current value of $3,759.93. Its lowest point during this period was $3,702.26, while its highest was $3,823.64.
The remarkable price surge following Ethereum ETF acceptance seems to have subsided throughout the cryptocurrency sector as a whole.
Solana Price
In the previous 24 hours, Solana’s price decreased by 1.55%, landing at a value of $167.21. The lowest and highest prices recorded during this period were $163.68 and $172.42, respectively.
XRP Price
XRP, the cryptocurrency offered by Ripple Labs, mirrored the downward price trend, decreasing by 1.04% to reach a price of $0.5213. Its lowest and highest points within the last 24 hours were recorded at $0.5175 and $0.5273 respectively.
DOGE & SHIB Prices
At the same time as the larger market, DOGE and SHIB, two popular meme coins, exhibited a decline in their prices.
As a researcher examining the cryptocurrency market, I’ve observed that DOGE experienced a decline of 2.59%, dropping its price to $0.1605 from the previous day. On the other hand, SHIB suffered a more significant setback with a decrease of 6.68%, resulting in a new price point of $0.00002609.
Even Pepe coin (PEPE) and dogwifhat (WIF) plunged remarkably, 1%-9%.
Top Crypto Gainers Today
The price of JasmyCoin (JASMY) jumped by 23.35%, reaching a new height of $0.0315.
Top Crypto Losers Today
As a researcher, I’ve observed some significant price changes in the cryptocurrency market over the past day. My analysis reveals that Floki Inu (FLOKI) experienced a decline of 8.35%, resulting in a new price point of $0.0002527. Similarly, dogewifhat (WIF) saw a dip of 8.63%, causing its price to drop down to $3.40. Akash Network (AKT) also followed this trend with a fall of 8.30%, landing at a price of $4.78. In parallel, BONK plunged 8.29% and now trades at $0.00003414.
As a crypto investor, I’ve noticed that meme coins have been making headlines on the list of top losers recently. However, the hourly charts for Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and other altcoins revealed a collective rebound of around 0-0.5%.
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2024-05-31 07:50