Bitcoin (BTC) Dips Below $68K, Ethereum (ETH) Steady at $3,700, WIF Soars 23%, NOT Gains 11% – Crypto Market Update May 29

  • Today’s crypto market experienced a mix of gains and losses, with Bitcoin (BTC) falling below $68K and Ethereum (ETH) dipping below $3,800.
  • Other cryptocurrencies like WIF, DOGE, SHIB, and NOT saw significant gains.
  • Bitcoin’s price volatility continues to be a focal point, while Ethereum’s sideways trading post-ETH ETF approval draws attention.

Stay updated with the latest crypto market trends and price movements. Discover which coins are gaining traction and which are facing declines.

Bitcoin and Ethereum Price Movements

The crypto prices today once again saw a highly volatile trading session, with Bitcoin and Ethereum witnessing attention-grabbing price fluctuations. ‘dogwifhat’ (WIF) from the meme coins sector emerged among the top gainers, while Notcoin (NOT) followed, continuing its pump today.

It’s noteworthy that the global crypto market cap showed a modest increase of 0.53% from the previous day, reaching $2.58 trillion. The total crypto market volume also saw a significant uptick of 3.66%, amounting to $91.06 billion in the past 24 hours.

Bitcoin Price Analysis

Today, Bitcoin traded at $68,748.59, a 1.30% increase over the past day. However, the flagship crypto’s chart shows that the price bore the brunt of extreme fluctuations in the past 24 hours. Its 24-hour lows and highs are $67,227.15 and $68,852.46, respectively.

The token’s market cap stood at $1.35 trillion, whereas its 24-hour trading volume saw a 7% upswing, reaching $30.15 billion.

However, as time marched, BTC slipped below the $68K level to $67,612.50.

Ethereum Price Analysis

Meanwhile, despite the recent buzz ignited by the spot ETH ETF approval in the U.S., Ethereum’s price is in a period of sideways trading, surfing both in red and green territory.

While writing, ETH traded at $3,847.36, a 0.14% increase over the past day. Its 24-hour lows and highs are $3,771.21 and $3,924.90, respectively.

Similar to Bitcoin, as time passed, ETH recorded a dip to $3,791.91.

Solana Price Analysis

In the interim, SOL’s price witnessed a significant 2.78% uptick in the past 24 hours, resting at $171.73. Its 24-hour lows and highs are $164.97 and $173.02, respectively.

XRP Price Analysis

The Ripple Labs-backed crypto also witnessed highly turbulent price action. It is trading at $0.5282, a 0.15% increase over the past day. Further, the 24-hour lows and highs were recorded at $0.5216 and $0.5326, respectively.

DOGE & SHIB Price Analysis

Dogecoin (DOGE) witnessed a noteworthy 2.73% jump in price over the past day, standing at $0.1697. Shiba Inu (SHIB) surged exceptionally, rising 15.37% over the past day to $0.00002874.

It’s also worth noting that SHIB is among today’s top gainers, whereas another dog-themed meme coin emerged in the list.

Top Crypto Gainers For Today

dogwifhat (WIF) price noted a 23.13% upswing over the past day to $4.05.
Notcoin (NOT) continued to soar, surging 11.12% over the past day to $0.009077.
Celestia (TIA) rallied 16.13% over the past day to reach $11.39.
Shiba Inu (SHIB) price jumped 15.37% over the past day to $0.00002874.

Top Crypto Losers Today

Lido DAO (LDO) Price dipped 5.75% in the past 24 hours to $2.32.
Pendle (PENDLE) price stood at $6.48, down 5.21% in the past 24 hours.
Arweave (AR) price slipped 2.08% in the past 24 hours to $38.12.
AIOZ (AIOZ) Network price tumbled 3.71% over the past day to $0.7602.

Conclusion

The hourly timeframe charts for Bitcoin and Ethereum illustrated a packed trading session, with BTC noting a slight 0.01% upswing and ETH gaining 0.10%. Crypto market participants eagerly await a significant shift in prices and market sentiment.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

MAGA Coin Surges Amid Political Memecoin Volatility Ahead of June 27 US Presidential Debate

Political memecoins are exhibiting significant market volatility...

Legal Risks Surrounding DJT Meme Coin and Celebrity-Driven Crypto Surge

May saw over 500,000 meme coins being...

Toncoin Defies Market Downtrend with Significant Weekly Gains Amidst Potential Short-Term Pullback

Toncoin continues to demonstrate robust upward momentum...

BONK Forecasted to Surge Despite BRETT Leading Market Capitalization

The battle between the memecoins Bonk (BONK) and...

Wells Fargo Sued Over $45,678 Check Fraud Incident

A Wells Fargo customer is...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

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.
spot_imgspot_imgspot_imgspot_img

MAGA Coin Surges Amid Political Memecoin Volatility Ahead of June 27 US Presidential Debate

Political memecoins are exhibiting significant market volatility ahead of the June 27 US Presidential elections debate. The upcoming debate is being...

Legal Risks Surrounding DJT Meme Coin and Celebrity-Driven Crypto Surge

May saw over 500,000 meme coins being launched, highlighting a substantial surge in the market. This trend is supported by platforms...

Toncoin Defies Market Downtrend with Significant Weekly Gains Amidst Potential Short-Term Pullback

Toncoin continues to demonstrate robust upward momentum amid market-wide selling pressures. Market analysts are debating the sustainability of Toncoin's current growth...