Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, failed to rise above the $28,000 mark on Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) — saw a mix of minor gains and dips across the board. Memecoin PEPE continued to see dips, emerging to be the biggest loser of the lot, with a 24-hour dip of over 11 percent. Ripple (XRP), on the other hand, became the top gainer with a 24-hour jump of nearly 6 percent.


The global crypto market cap stood at $1.16 trillion at the time of writing, registering a 24-hour dip of 0.26 percent.


Bitcoin (BTC) Price Today


Bitcoin price stood at $27,659.61, registering a 24-hour dip of 0.69 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.25 lakh.


Ethereum (ETH) Price Today


ETH price stood at $1,897.46, marking a 24-hour dip of 0.21 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.68 lakh.


Dogecoin (DOGE) Price Today


DOGE registered a 24-hour loss of 1.20 percent, as per CoinMarketCap data, currently priced at $0.0724. As per WazirX, Dogecoin price in India stood at Rs 6.32.


Litecoin (LTC) Price Today


Litecoin saw a 24-hour jump of 0.40 percent. At the time of writing, it was trading at $91.70. LTC price in India stood at Rs 7,900.


Ripple (XRP) Price Today


XRP price stood at $0.5267, seeing a 24-hour gain of 5.82 percent. As per WazirX, Ripple price stood at Rs 46.


Solana (SOL) Price Today


Solana price stood at $21.09, marking a 24-hour jump of 0.88 percent. As per WazirX, SOL price in India stood at Rs 1,879. 


Top Crypto Gainers Today (May 31)


As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:


Ripple (XRP)


Price: $0.525
24-hour gain: 6.31 percent


The Graph (GRT)


Price: $0.1341
24-hour gain: 5.51 percent


Quant (QNT)


Price: $116.97
24-hour gain: 5.10 percent


Filecoin (FIL)


Price: $4.81
24-hour gain: 3.53 percent


SingularityNET (AGIX)


Price: $0.3066
24-hour gain: 2.78 percent


Top Crypto Losers Today (May 31)


As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:


Pepe (PEPE)


Price: $0.000001278
24-hour loss: 11.11 percent


Sui (SUI)


Price: $0.9892
24-hour loss: 6.72 percent


IOTA (MIOTA)


Price: $0.1995
24-hour loss: 6.05 percent


Frax Share (FXS)


Price: $6.67
24-hour loss: 4.57 percent


Optimism (OP)


Price: $1.47
24-hour loss: 4.04 percent


What Crypto Exchanges Are Saying About Current Market Scenario


Mudrex co-founder and CEO Edul Patel told ABP Live, “On Tuesday, Bitcoin surpassed the $28,000 mark in trading but has since experienced a slight decline as investors keep a close eye on developments regarding the debt ceiling deal. The market eagerly awaits the upcoming House vote on the debt limit agreement, scheduled for today. Bitcoin's price began a corrective downward movement after facing obstacles in surpassing the $28,500 resistance zone. The immediate resistance on the upside is anticipated near the $27,850 level, while support can be found at $27,500.”


Shubham Hudda from CoinSwitch said, “Crypto markets have traded flat in the last 24 hours. Global crypto market capitalisation is at $1.2 trillion, the same as yesterday. The crypto fear and greed index, too, remains at the same place as yesterday, with 51 points. Of the top 10 cryptos by market capitalization, only XRP is currently trading in the green. XRP, up 6.3 percent is currently trading around $0.52 as its daily active addresses registered a massive uptick since the start of the week. This has led to bullish sentiment around XRP’s price movements. ”


WazirX Vice President Rajagopal Menon said, “Bitcoin opens at $27,686 (-0.2 percent), Ether at $1,901 (+0.4 percent). Bitcoin's range fluctuates between $25,800 and $28,000, driven by heightened volatility. A potential debt ceiling agreement prompts market rallies, boosting Bitcoin dominance, and trading volumes, with potential market stimulation from Asian regulatory changes and Erdogan's re-election. On WazirX, Chromia (CHR) and Alchemy Pay (ACH) have been the top gainers in the last 24 hours.”


Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The current price of Bitcoin is $27,724.72, with a 24-hour trading volume of $13.31 billion. Over the past 24 hours, BTC has seen a decrease of 0.24 percent. It is currently 2.64 percent below its 7-day high of $28,475.65 and 6.76% above its 7-day low of $25,968.03. The circulating supply of Bitcoin is 19.39 million BTC, with a maximum supply of 21 million BTC. Ethereum is priced at $1,893.26 with a 24-hour trading volume of $5.42 billion. ETH has seen a decrease of 0.31 percent in the last 24 hours. It is currently 1.93 percent below its 7-day high of $1,930.56 and 7.20 percent above its 7-day low of $1,766.14. The circulating supply of Ethereum is 120.25 million ETH.”


Shivam Thakral, the CEO of BuyUCoin, said, “The global crypto market cap is $1.16T, with a 0.09 percent decrease in the last day. However, market volume surged by 5.17 percent to $30.68 billion. DeFi volume is $2.42B (7.89 percent of the total), while stable coins contribute $28.46B (92.77 percent of the total). Bitcoin's dominance is 46.43 percent, with a slight 0.10 percent decline. Overall, despite a cap decrease, market volume grew due to DeFi and stable coins, while Bitcoin's dominance remained strong but slightly dipped.” 


CoinDCX Research Team told ABP Live, “Bitcoin is currently being traded at $27,850 and has witnessed a nearly 1 percent increase in the past 24 hours. Despite a recent decline to $27,570, BTC has displayed resilience by bouncing back from this important support level, indicating a restoration of its positive momentum. Ethereum held on exchanges has reached a level that hasn't been seen since July 2016, as more and more ETH is being staked. This decline in exchange balances coincides with a surge in staked ether. Generally, lower exchange balances indicate a bullish market sentiment because it implies limited availability of ether for purchase, thus exerting upward pressure on prices.”


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.