Crypto Market Update May 31: Bitcoin Tops $68k, ETH at $3,700, SOL, XRP and DOGE Spikes

The general crypto market looks to enter the weekend on a positive note as the majority of the coins are trading in the green zone according to an oversight of the heat map. At the time of writing, the global crypto market cap is up by a slight 0.90% to $2.53 trillion.

However, the total trading volume across the market has dipped by 10.13% to $74.86 billion over the last 24 hours with stablecoin volume taking up at least 94.04% of the total trade. Top coins including Bitcoin (BTC) and Ethereum (ETH) have begun a marginal rally, while others like Solana (SOL), XRP, and Dogecoin (DOGE) have followed.

Let us take a look at their price reactions in the last 24 hours.

Top Crypto Prices Today

Leading the charge, the price of Bitcoin (BTC), the flagship cryptocurrency has jumped by 1.06% to trade at $68.2k over the last day. However, its trading volume within this time has declined by 4% to $26.3 billion with a live market cap of $1.3 trillion. BTC has traded between the range of $67,446.06 and $69,466.71 in the last 24 hours.

On the altcoin front, the price of Ethereum (ETH), the second-largest cryptocurrency by market cap has spiked by a little 0.43%, changing hands at $3,734. Just like Bitcoin, its 24-hour trading volume has plummeted by 20% to $13.6 billion. Additionally, ETH has traded between the lows and highs of $3,716.77 and $3,825.51 over the last day.

The price of Solana (SOL) also increased at press time. According to data from CoinMarketCap, Solana has grown by a noticeable 1.38%, trading at $167.09. As a result, SOL positions as the top gainer among the top 10 largest cryptocurrencies. What is more, Solana’s trading range has been between $164.73 and $172.05 in the last 24 hours.

Trending cryptocurrency XRP has also managed to spike over the last day. Per CMC data, the price of XRP has jumped by 0.7% to trade at $0.52. XRP has also witnessed a drop in its trading volume in the last 24 hours, declining by 10% to $1.13 billion with a live market cap of $28.8 billion. Notably, XRP has traded between the lows and highs of $0.5159 and $0.5263 in the last 24 hours.

On the memecoin front, the price of Dogecoin (DOGE) has ignited hopes as it rises by 1.0% to change hands at $0.15. Additionally, the activities surrounding the coin as portrayed in its trading volume have dropped by 22.27% to $1.1 billion. The 24-hour lows and highs of DOGE are $0.1579 – $0.1643.

Shiba Inu (SHIB) on the other hand has taken the south direction. Data from CoinMarketCap shows that the price of SHIB has dropped by 1.62% to trade at $0.00002577. The 24-hour trading volume of the token has also declined by a significant 55.11% to $698.4 million. The tokens’ lows and highs over the last day are $0.00002572 and $0.00002696.

Trending Top Gainers Today

Meanwhile, in the top trending gainers list, some coins have performed well in the last 24 hours. Some of them are;

JamsyCoin (JAMSY), a cryptocurrency project of a Tokyo-based Internet of Things provider, has grown by 20.05%, changing hands at $0.029 with a 24-hour trading volume surge of 399% to $564.4 million.

Dog To The Moon (DOG) memecoin, surged by 17% to trade at $0.007. Its trading volume within the recorded time has also gained 4% to $87.6 million.

Pepe (PEPE) memecoin has continuously maintained its position as a top gainer. According to fresh data, PEPE is currently selling at $0.00001457, signifying a 9% increase over the last day with a 24-hour trading volume of $1.8 billion. What is more, PEPE has traded between the lows and highs of$0.00001328 and $0.000015 which is about 15.1% below its all-time high of $0.00001717 reached on May 27.