In the last 24 hours, cryptocurrency prices have mostly been on a downward trend, with some altcoins reversing this trend. The most significant development is Bitcoin’s drop from yesterday’s $70,000 to $68,000. Ethereum also experienced a significant drop, falling below $3,900. Solana saw slight increases in the altcoin sector, while others showed a downward trend. The winners in the meme token sector were Shiba Inu, BONK, and FLOKI.
Today’s Cryptocurrency Market
The global cryptocurrency market value dropped by 0.58% to $2.57 trillion on May 28. However, in the last 24 hours, the total crypto market volume increased by 43.08% to $87.7 billion, indicating a rise in transactions. Following yesterday’s $70,000 level, Bitcoin’s price once again showed its characteristic volatility, suitable for the token’s accumulation phase. It fell by 1.29% in the last 24 hours to $68,139.23. The 24-hour low and high values were recorded as $67,746.41 and $70,597.88, respectively.
Notably, BTC’s market value was $1.33 trillion, with a 24-hour trading volume of $28.17 billion. Ethereum also traded with high volatility in the last 24 hours. Despite the recent approval of the spot ETH ETF, the token seems to struggle to gain significant upward momentum. ETH traded at $3,832.82, down 2.37% in the last 24 hours. The 24-hour low and high values were recorded as $3,826.20 and $3,973.56, respectively.
Current Status of Meme Tokens
Meanwhile, SOL gained 0.72% and traded at $166.73 at the time of writing. The 24-hour low and high values were recorded as $164.07 and $171.99, respectively. Ripple Labs-supported token XRP experienced a 0.78% drop in the last 24 hours and is currently at $0.5274. The 24-hour low and high values were recorded as $0.5238 and $0.5399, respectively. Additionally, Dogecoin rival Shiba Inu increased by 1.16% compared to yesterday, rising to $0.00002488. Simultaneously, the famous dog-themed meme tokens FLOKI and BONK emerged as today’s top gainers.
