Cryptocurrency Price Today (May 30): Bitcoin Continues To See Downward Spiral, Dips Below $107,000
Bitcoin (BTC), the world’s oldest and most valued crypto, continued on its downward trend and dipped below the $107,000 mark early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor losses across the board as the overall Market Fear & Greed Index stood at 61 (Greed) out of 100, as per CoinMarketCap data. DeXe (DEXE) turned out to be the biggest gainer today, with a 24-hour jump of nearly 11 percent. Uniswap (UNI) turned out to be the biggest loser today, with a 24-hour dip of nearly 13 percent.
The global crypto market cap stood at $3.35 trillion at the time of writing, registering a 24-hour dip of 2.01 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $106,217, registering a 24-hour jump of 1.30 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 92.98 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,637.60, marking a 24-hour loss of 3.25 percent at the time of writing. Ethereum price in India stood at Rs 2.18 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 6.89 percent, as per CoinMarketCap data, currently priced at $0.2088. Dogecoin price in India stood at Rs 19.37.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 5.35 percent. At the time of writing, it was trading at $91.71. LTC price in India stood at Rs 8,189.32.
Ripple (XRP) Price Today
XRP price stood at $2.22, seeing a 24-hour dip of 2.82 percent. Ripple price in India stood at Rs 199.17.
Solana (SOL) Price Today
Solana price stood at $165.73, marking a 24-hour loss of 3.71 percent. SOL price in India stood at Rs 14,097.14.
Top Crypto Gainers Today (May 30)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
DeXe (DEXE)
Price: $13.86
24-hour gain: 10.97 percent
SPX6900 (SPX)
Price: $1.12
24-hour gain: 5.68 percent
Toncoin (TON)
Price: $3.30
24-hour gain: 0.77 percent
UNUS SED LEO (LEO)
Price: $9.11
24-hour gain: 0.77 percent
Tehter Gold (XAUt)
Price: $3,295.54
24-hour gain: 0.58 percent
Top Crypto Losers Today (May 30)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Uniswap (UNI)
Price: $6.49
24-hour loss: 12.76 percent
Optimism (OP)
Price: $0.6976
24-hour loss: 12.09 percent
Pudgy Penguins (PENGU)
Price: $0.01096
24-hour loss: 11.31 percent
Arbitrum (ARB)
Price: $0.3784
24-hour loss: 10.91 percent
Pepe (PEPE)
Price: $0.00001297
24-hour loss: 10.78 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin is consolidating near $106,000 amid geopolitical uncertainty, as stalled U.S.–China trade talks bring back trade war concerns. Additionally, macroeconomic pressures such as higher-than-expected U.S. jobless claims and a 0.2% GDP contraction in Q1 2025 have added to short-term market caution. Despite this, institutional confidence remains strong, with $432 million flowing into spot Bitcoin ETFs, helping in price recovery. Currently, BTC need to reclaim the $108,000 levels for sustained momentum. On the flipside, if we do not get follow-through buying, Bitcoin could test the $103,700 levels.”
CoinSwitch Markets Desk noted, “After reaching new all-time highs earlier this month, BTC has pulled back to a 9-day low, currently hovering around the $106K mark. This correction follows a $471 million outflow from Bitcoin ETFs. The reimposition of trade tariffs by a U.S. appeals court has also reintroduced macroeconomic uncertainty, which may be weighing on broader market sentiment. Ethereum mirrored the decline, shedding nearly 5% and slipping to the $2,600 level.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The recent 8% surge in TON, driven by the anticipated $300 million partnership between Telegram and Elon Musk’s xAI, underscores the market’s sensitivity to strategic collaborations in the tech space. Meanwhile, Bitcoin’s resilience around the $108K mark, despite macroeconomic uncertainties, reflects strong investor confidence. At Pi42, we view these developments as indicative of a maturing crypto ecosystem where technological innovation and strategic alliances play pivotal roles in market dynamics.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin (BTC) is trading at approximately $105,966, reflecting a slight decline of 1.75% over the past 24 hours. Ethereum (ETH) follows at $2,626, down 4.58%. Other major cryptocurrencies such as XRP, Cardano (ADA), and Dogecoin (DOGE) have also seen modest declines, indicating a broader market pullback. Short-term forecasts suggest potential for a rebound, with some analysts predicting Bitcoin could reach $119,095 by mid-June. However, market volatility remains a concern, and favourable macro-economic conditions will prove beneficial for the overall digital asset market.”
CoinDCX Research Team noted, “As the bulls remain passive, the crypto markets continue to plunge, with the star token, Bitcoin, marking the lows below $105K. With this, tokens like XRP, Solana, Cardano, Shiba Inu, etc., have been negatively impacted. Meanwhile, Ethereum shows strength as it sustains above $2600. Top gainers include DeXe with over a 14% rise, followed by SPX6900 with over a 3% increase. Besides, the losers are led by Uniswap, which plunged 14%; Optimism, by 13.33%; Arbitrum & Pudgy Penguins, by 13% each; and Pepe & Pyth Network, by over 11% each.”
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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.