Bitcoin Surpasses $68,000, Ethereum Reaches $3,700, SOL, XRP, and DOGE Witness Significant Surges: Crypto Market Recap on May 31

The crypto market appears to be heading into the weekend with a positive outlook, as most coins are trading in the green zone, as indicated by the heat map. Currently, the global crypto market cap has increased by a slight 0.90% to reach $2.53 trillion.

However, the overall trading volume across the market has decreased by 10.13% in the last 24 hours, amounting to $74.86 billion. Stablecoin volume accounts for approximately 94.04% of the total trade. While top coins like Bitcoin (BTC) and Ethereum (ETH) have experienced a minor rally, others such as Solana (SOL), XRP, and Dogecoin (DOGE) have followed suit.

Let’s examine the price reactions of these coins over the past 24 hours.

Bitcoin (BTC), the leading cryptocurrency, has seen a 1.06% increase in price, now trading at $68.2k. However, its trading volume during this period has decreased by 4% to $26.3 billion, with a live market cap of $1.3 trillion. BTC’s price has fluctuated between $67,446.06 and $69,466.71 within the last 24 hours.

As for altcoins, Ethereum (ETH), the second-largest cryptocurrency by market cap, has experienced a slight 0.43% spike in price and is currently valued at $3,734. Similar to Bitcoin, its 24-hour trading volume has dropped by 20% to $13.6 billion. ETH’s price has ranged between $3,716.77 and $3,825.51 over the past day.

Solana (SOL) has also witnessed a price increase at the time of writing. According to CoinMarketCap data, Solana has grown by a notable 1.38%, reaching a trading price of $167.09. Consequently, SOL ranks as the top gainer among the top 10 largest cryptocurrencies. Furthermore, Solana’s price range in the last 24 hours has been between $164.73 and $172.05.

Another trending cryptocurrency, XRP, has also experienced a price spike within the last day. Based on CMC data, XRP’s price has risen by 0.7% and is now trading at $0.52. XRP has also witnessed a 10% decrease in trading volume over the past 24 hours, amounting to $1.13 billion, with a live market cap of $28.8 billion. Notably, XRP’s price has fluctuated between $0.5159 and $0.5263 during this period.

Turning to the memecoin sector, Dogecoin (DOGE) has shown promise as its price has increased by 1.0% and is currently valued at $0.15. Additionally, the trading volume surrounding DOGE has dropped by 22.27% to $1.1 billion. The 24-hour lows and highs for DOGE are $0.1579 and $0.1643.

However, Shiba Inu (SHIB) has taken a downward trajectory. CoinMarketCap data indicates that the price of SHIB has declined by 1.62% and is now trading at $0.00002577. The token’s trading volume over the past 24 hours has also experienced a significant decrease of 55.11%, amounting to $698.4 million. SHIB’s price has ranged between $0.00002572 and $0.00002696 within the last day.

Regarding the top gainers in the market today, several coins have performed well over the past 24 hours. Some notable ones include:

– JamsyCoin (JAMSY), a cryptocurrency project from a Tokyo-based Internet of Things provider, has grown by 20.05% and is now trading at $0.029. Its trading volume has surged by 399% to $564.4 million within the recorded time.

– Dog To The Moon (DOG), a memecoin, has surged by 17% and is now valued at $0.007. Its trading volume has also increased by 4% to $87.6 million.

– Pepe (PEPE), another memecoin, has consistently maintained its position as a top gainer. Current data shows that PEPE is selling at $0.00001457, representing a 9% increase over the last day, with a 24-hour trading volume of $1.8 billion. Additionally, PEPE has traded between $0.00001328 and $0.000015, which is approximately 15.1% below its all-time high of $0.00001717 reached on May 27.