Today’s crypto prices are predominantly in the red, with some altcoins bucking the trend. The most significant development is Bitcoin’s plunge to the $68K mark, a substantial drop after yesterday’s $70k. Ethereum also experienced a significant decline, falling below $3,900. Solana, on the other hand, saw slight gains within the altcoin sector, while others showed a downward price trend. In the meme coin sector, Shiba Inu, BONK, and FLOKI emerged as the winners.
It’s worth noting that the global crypto market cap was down 0.58% to $2.57 trillion today, May 28. However, the total crypto market volume over the last 24 hours saw a significant increase, up 43.08% to $87.7 billion, indicating a surge in trading activity.
Here’s a brief report on the top cryptos and their price action for today.
Following yesterday’s topping of the $70K mark, today, Bitcoin’s price once again illustrated its characteristic volatility, aligning with the token’s re-accumulation phase. It slipped 1.29% in the past 24 hours to $68,139.23. The 24-hour lows and highs were recorded as $67,746.41 and $70,597.88, respectively.
Notably, BTC boasted a market cap of $1.33 trillion, whereas the 24-hour trading volume was recorded to be $28.17 billion.
Ethereum, on the other hand, also traded with high volatility in the past 24 hours. Despite the recent approval of a spot ETH ETF, the token seems to be struggling to gain a significant upside momentum.
ETH traded at $3,832.82, down 2.37% in the past 24 hours. The 24-hour lows and highs were recorded as $3,826.20 and $3,973.56, respectively.
Meanwhile, the SOL crypto noted gains worth 0.72% as of writing, trading at $166.73. The 24-hour lows and highs were registered as $164.07 and $171.99, respectively.
The Ripple Labs-backed token XRP has experienced a 0.78% dip in the past 24 hours and is currently resting at $0.5274. Its 24-hour lows and highs are $0.5238 and $0.5399, respectively.
Also, Shiba Inu, the Dogecoin rival, experienced a 1.16% upsurge from yesterday, standing at $0.00002488. Simultaneously, FLOKI and BONK, renowned dog-themed meme coins, emerged among the top gainers for today.
Notcoin (NOT) price surged a staggering 51.09% in the past 24 hours to $0.008208.
Floki Inu (FLOKI) price jumped 14.99% over the past day to $0.000271.
BONK price soared 6.24% from yesterday to $0.00003834.
Book of Meme (BOME) price rallied 7.54% to $0.01388.
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JasmyCoin (JASMY) price slumped 7.79% to $0.01388.
Ethena (ENA) price plunged 5.54% to $0.8854.
Aave (AAVE) price noted a pullback, dipping 5.95% to $106.78.
Synthetix (SNX) price also fell 5.56% to $3.04
In the interim, its also worth mentioning that Bitcoin & Ethereum price continued to fall, per the hourly time frame charts. Altcoins XRP, SOL, and SHIB followed the tumbled movement. However, DOGE and witnessed PEPE witnessed an upside momentum during the same time period.
Also Read: XRP Max Pain Price At $0.54 For May Options Expiry, What It Means?
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