Crypto market update: BTC back over $30,000 level

The biggest riser of the day out of the top 100 cryptos is waves (WAVES)

Bitcoin gold coin and exchange graph in the background                                 
What's been happening with the price of bitcoin? – Photo: Alamy
                                

The price of bitcoin (BTC) ended yesterday at $29,441 after increasing by 1.49% during the day according to Currency.com. As of 15:17 BST (UTC +1), the price of the lead crypto was trading at around $30,618.

The trading volume of BTC had increased by 58.84% over the past 24 hours. Meanwhile, eight out of the top 10 cryptos were up today according to CoinMarketCap, with BTC up by 4.97%.

Ethereum (ETH) was up by 5.38% to $1,901, binance coin (BNB) was up by 4.43% to $317, cardano (ADA) was up by 10.75% to $0.52 and solana (SOL) was up by 3.75% to $46.  

Out of the two stablecoins in the top 10 cryptos, one was up and the other was down. Tether (USDT) was up by 0.03% but had fallen below the $1 mark to $0.99. USD Coin (USDC) was down by 0.02% but remained priced at $1.

Ripple (XRP) was up by 3.07% to $0.39 and dogecoin (DOGE) was up by 3.46% to $0.08.

Biggest risers out of the top 100 cryptos

The biggest riser of the day out of the top 100 cryptos was waves (WAVES), which was up by 35.49% to $5.99. According to CoinMarketCap, WAVES “is a multi-purpose blockchain platform which supports various use cases including decentralised applications (DApps) and smart contracts”.

The second biggest riser out of the top 100 was helium (HNT), which increased by 19.19% to $8.65. HNT “is a decentralised blockchain-powered network for Internet of Things (IoT) devices”, states CoinMarketCap.

The third biggest top 100 riser was Kyber Network Crystal v2 (KNC), up by 14.66% to $2.16. CoinMarketCap says KNC “began its development in 2017 and is built on top of the Ethereum blockchain”.

Biggest fallers out of the top 100 cryptos

XDC Network (XDC) was the biggest faller of the day out of the top 100 cryptos, dropping by 1.70% to $0.03. XDC (formerly called XinFin Network) “is an enterprise-grade, hybrid blockchain, equipped with public and private states and interoperable smart contracts”, states CoinMarketCap.

The second biggest faller out of the top 100 was Fei USD (FEI), having decreased by 0.86% to $0.98. According to CoinMarketCap, FEI “is a decentralised finance (DeFi) native algorithmic stablecoin”.

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The third biggest faller out of the top 100 was TRON (TRX), having dropped by 0.08% to $0.08. CoinMarketCap states TRX “is a decentralised blockchain-based operating system developed by the Tron Foundation and launched in 2017”.

Overall biggest crypto risers

Out of the more than 10,000 cryptos listed on CoinMarketCap, cloudname (CNAME) was the overall biggest riser of the day, up by 3,717.20% to $0.022. According to CoinMarketCap, the best crypto exchanges for trading CNAME is MEXC, Gate.io and PancakeSwap.

The second biggest riser of all cryptos was EVRYNET (EVRY), which increased by 265.81% to $0.08. EVRY “is a smart-routing blockchain and was conceptualised and developed in partnerships with Kyber Network and Stellar” states CoinMarketCap.

The third overall biggest riser was sportoken (SPT), which increased by 263.49% to $0.00003951. CoinMarketCap states SPT is a “community driven MeMe token for Sport & E-sport with power of decentralisation”.

Overall biggest crypto fallers

FUTUREREXCRYPTO (FXC) was the biggest faller of the day out of all cryptos listed on CoinMarketCap and it fell by 71.58% to $0.42. CoinMarketCap states FXC “claims to be a payment network and a new kind of money. It aims to offer a peer-to-peer electronic cash system.”

The second biggest faller out of all cryptos was kittens & puppies (KAP), which has dropped by 48.28% to $0.000002109. KAP, states CoinMarketCap, “is an universe inspired by real life, where anyone can earn tokens through the playability and contribute the ecosystem of the pets. Players will be able to play, raise and reproduce their non-fungible token (NFT) pets.”

The third biggest faller overall today was MADworld (UMAD), which was down by 46.44% to $0.037. CoinMarketCap says “MAD stands for Multiverse Artist Defender. It is a NFT platform for both real world and digital collectibles where the value and provenance of the artist and creator is protected on the multiverse.”

All prices correct as of 15:17 BST (UTC +1) on Monday 30 May.

Bitcoin to US Dollar
Daily change
24350
Low: 24093
High: 24830.8

Further reading

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