Bitcoin (BTC) and Ethereum (ETH) Experience Volatility as Notable (NOT) Skyrockets 18% – May 30 Crypto Market Update

  • The crypto prices today have continued their turbulent movement.
  • Bitcoin fluctuates near $68K and Ethereum struggles near $3,800 despite ETF approval.
  • Notcoin (NOT) rallies 18%.

Stay updated with the latest fluctuations in the crypto market, including Bitcoin, Ethereum, and emerging altcoins like Notcoin.

Bitcoin and Ethereum Struggle Amid Market Volatility

The crypto prices today have continued to raise eyebrows across the broader industry. Bitcoin (BTC) & Ethereum (ETH) have again shown a volatile price movement, while altcoins too majorly traded in the red. The global crypto market cap was down 1.40% to $2.54 trillion in the past 24 hours. Further, the total crypto market volume over the past day saw a 9.30% decrease to $82.63 billion. However, Notcoin (NOT) has continued to pump, defying broader market expectations.

Bitcoin Price Analysis

The flagship crypto, BTC, showed a trading session primarily in the red today. BTC’s price rested at $68,037.54, a 0.98% decrease from yesterday. Its 24-hour lows and highs are $67,101.49 and $68,852.23, respectively.

Besides, Bitcoin’s dominance at press time is 52.68%, an increase of 0.16% over the day.

Ethereum Price Analysis

Meanwhile, Ethereum’s price continued to show a period of sideways trading in the broader time frame chart, dipping 1.51% in the past 24 hours to $3,786.83. It’s worth mentioning that the token’s 24-hour lows and highs are $3,742.04 and $3,880.65, respectively.

Despite the recent spot ETH ETF approval by the U.S. SEC, the global crypto community awaits Ethereum’s much-anticipated rising price action.

Solana Price Analysis

In the interim, amidst talks of a potential SOL ETF next in the pipeline surfacing in the crypto community, Solana witnessed a 1.53% dip in its price in the past 24 hours, reaching $169.54. Its 24-hour lows and highs are $167.32 and $173.64, respectively.

XRP Price Analysis

The cryptocurrency brought by American blockchain payments giant Ripple Labs, XRP, continued to showcase a rollercoaster ride and traded at $0.526, slipping 0.46% over the past day. The token’s 24-hour lows and highs were $0.5201 and $0.5321.

Meme Coins Sector Analysis

In the meme coins sector, Dogecoin (DOGE) tumbled 2.49% over the past day to reach $0.00002788. Shiba Inu (SHIB), Dogecoin’s rival, fell 0.13% over the past day to $0.00002791.

It’s noteworthy that prominent meme-themed cryptos such as Bonk and PEPE also dipped remarkably, emerging in the top losers list.

Top Crypto Gainers Today

Notcoin (NOT) price soared 18.73% to $0.01107.
Bitget Token (BGB) price jumped 7.75% to $1.32.
Arweave (AR) price rose 6.09% to $40.72.
ORDI price saw a 3.99% increase to $43.22.

Top Crypto Losers Today

Bonk (BONK) price corrected 11.78% to $0.00003734.
Pepe coin (PEPE) tumbled 7.96% to $0.00001507.
Book Of Meme (BOME) saw a 9.43% decrease to $0.01427.
Ondo (ONDO) fell 7.03% to $1.18.

Conclusion

In conclusion, the crypto market continues to exhibit significant volatility, with major players like Bitcoin and Ethereum struggling to gain upward momentum despite positive news such as ETF approvals. Meanwhile, altcoins and meme coins show mixed performances, with some like Notcoin defying market trends. Investors should remain cautious and stay informed about the latest developments to navigate this unpredictable landscape effectively.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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