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Home ยป Bitcoin Surpasses $68,000, ETH Reaches $3,700, SOL, XRP, and DOGE Experience Significant Surges: Crypto Market Report for May 31
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Bitcoin Surpasses $68,000, ETH Reaches $3,700, SOL, XRP, and DOGE Experience Significant Surges: Crypto Market Report for May 31

By adminMay. 31, 2024No Comments4 Mins Read
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Bitcoin Surpasses $68,000, ETH Reaches $3,700, SOL, XRP, and DOGE Experience Significant Surges: Crypto Market Report for May 31
Bitcoin Surpasses $68,000, ETH Reaches $3,700, SOL, XRP, and DOGE Experience Significant Surges: Crypto Market Report for May 31
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The crypto market is gearing up for a positive weekend as most coins are trading in the green zone, as indicated by the heat map. As of now, the global crypto market cap has increased by a modest 0.90% to reach $2.53 trillion.

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

Let’s delve into their price reactions over the past 24 hours.

Top Crypto Prices Today

Leading the way, the price of Bitcoin (BTC), the flagship cryptocurrency, has risen by 1.06% and is currently trading at $68.2k. However, its trading volume has decreased by 4% to $26.3 billion during this period. BTC has fluctuated 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 experienced a slight 0.43% spike and is now valued at $3,734. Similar to Bitcoin, its 24-hour trading volume has dropped by 20% to $13.6 billion. ETH has been trading between lows and highs of $3,716.77 and $3,825.51 in the past day.

The price of Solana (SOL) has also seen an increase at the time of writing. According to CoinMarketCap data, Solana has grown by a noticeable 1.38% and is currently trading at $167.09. Consequently, SOL ranks as the top gainer among the top 10 largest cryptocurrencies. Furthermore, the trading range for Solana has been between $164.73 and $172.05 in the last 24 hours.

XRP, a trending cryptocurrency, has also witnessed a spike over the past day. According to CMC data, the price of XRP has increased by 0.7% and is now trading at $0.52. XRP has also experienced a 10% decrease in trading volume in the last 24 hours, amounting to $1.13 billion, with a live market cap of $28.8 billion. Notably, XRP has been traded between the lows and highs of $0.5159 and $0.5263 in the past 24 hours.

In the memecoin arena, Dogecoin (DOGE) has raised hopes as it has risen by 1.0% and is currently valued at $0.15. Additionally, the trading volume for DOGE has dropped by 22.27% to $1.1 billion. The 24-hour lows and highs for DOGE are $0.1579 and $0.1643.

On the other hand, Shiba Inu (SHIB) has taken a downward turn. CoinMarketCap data shows that the price of SHIB has declined by 1.62% and is now trading at $0.00002577. The trading volume for the token has also seen a significant decrease of 55.11% to $698.4 million. The lows and highs for SHIB in the last day are $0.00002572 and $0.00002696.

Trending Top Gainers Today

Meanwhile, in the list of top trending gainers, several coins have performed well in the past 24 hours. Some of them include:

JamsyCoin (JAMSY), a cryptocurrency project by a Tokyo-based Internet of Things provider, has grown by 20.05% and is currently trading at $0.029. Its 24-hour trading volume has surged by 399% to $564.4 million.

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

Pepe (PEPE), another memecoin, has consistently maintained its position as a top gainer. According to recent data, PEPE is currently priced at $0.00001457, marking a 9% increase in the last day. Its 24-hour trading volume is $1.8 billion. PEPE has been traded between lows and highs of $0.00001328 and $0.000015, which is approximately 15.1% below its all-time high of $0.00001717 reached on May 27.

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