Bitcoin Nears $69k, ETH Reaches $3,900 in Crypto Market Recap on May 27; XRP, DOGE, and SHIB Experience Decline

The crypto market has kicked off the week with a mix of movements. While some coins are trading in the green zone, the majority are in the red, as shown in CoinMarketCap’s crypto heat map. In the past 24 hours, the global crypto market cap has increased by 0.06% to reach $2.58 trillion. Furthermore, the total trading volume has surged by 30% to $67.98 billion, with stablecoins accounting for a significant 90% of the 24-hour volume.

Bitcoin continues to dominate with a 52% market share, although its price has declined. On the other hand, Ethereum is experiencing a spike in value following the recent approval of an ETH spot ETF by the Securities and Exchange Commission. Let’s take a closer look at the prices of some top cryptocurrencies in the market.

Bitcoin, the flagship cryptocurrency, has seen a drop in its price over the past 24 hours. According to CoinMarketCap data, BTC is currently priced at $68,754, representing a 0.91% decrease within the recorded time. The 24-hour trading volume, however, has increased by 19% to $18.6 billion, and the live market cap stands at $1.35 trillion.

In contrast, Ethereum, the second-largest cryptocurrency by market cap, has moved in the opposite direction. CMC data shows that the price of ETH has increased by 3.41% to trade at $3,933. Its trading volume over the last day has surged by 74.8% to $18 billion, while maintaining a market cap of $472.2 billion. ETH has traded between $3,781 and $3,948 in the past 24 hours.

Meanwhile, XRP, a trending cryptocurrency, has experienced a slight dip in price. In the past 24 hours, the price of XRP has dropped by 1.17% to trade at $0.52. However, its trading volume tells a different story, as it has grown by 27.4% to $774.8 million. The price range for XRP during the last day has been between $0.5243 and $0.5378.

In the memecoin category, Dogecoin (DOGE), the largest memecoin by market cap, has also seen a decline in price within the last day. Fresh data shows that the price of DOGE has decreased by 2.65% to $0.166, trading between $0.1646 and $0.171. The 24-hour trading volume for Dogecoin has also dropped significantly by 39.5% to $1.05 billion, and its live market cap stands at $24 billion.

Shiba Inu (SHIB), the second-largest memecoin, has joined in the downward trend. The price of SHIB has declined by 0.7% in the past 24 hours to trade at $0.00002492. Its trading volume has also dropped by 8% to $351 million, with a price range of $0.00002421 to $0.0000249.

Moving on to the top trending gainers today, several tokens have caught attention. BounceBit (BB), a BTC restaking infrastructure that provides a foundation for various restaking products, has surged by 30.63% to trade at $0.694, with a live market cap of $284.3 million.

Notcoin (NOT), the popular play-to-earn token integrated into the TON ecosystem, has jumped by 18.59% in the last day, trading at $0.006. NOT now has a live market cap of $616.3 million.

Pepe (PEPE), the trending memecoin, continues to maintain its position as one of the top gainers. According to recent data, the price of PEPE has surged by 12.24% to trade at $0.00001692. Its market cap has also climbed to $7.1 billion after a 10.9% surge, solidifying its position as the third-largest memecoin in the market.