Crypto Markets Heat Up: Bitcoin, Solana, and XRP Steal Trader Spotlight (May 31)

Crypto traders are doubling down on Bitcoin, SOL, and XRP as these assets dominate today’s market chatter. No surprise—when volatility spikes, everyone suddenly becomes a technical analyst.

Bitcoin holds center stage as the bellwether asset, while Solana’s SOL flexes its DeFi muscle. XRP? Still riding that perpetual rollercoaster of legal drama and cult-like following.

Meanwhile, traditional finance bros are too busy explaining why crypto ’isn’t real money’ to notice their own portfolios bleeding out. The irony writes itself.

Bitcoin Remains at Top of the Trend

Since the Bitcoin hit ATH last week, the price has been constantly going down. From the $111,970 high, BTC price has dropped to $104,000 today. Nearly 5% down from its ATH has not been able to stop bitcoin from remaining in trend among crypto traders. Bitcoin’s popularity can be understood by the transaction flow on exchanges and ETFs, in the month of May BTC ETFs has seen inflows of $9 billion, keeping critics silent.

XRP Grabs Institutional Attention

Meanwhile, XRP also suffered from losses as it dropped by 3%, testing the support level of $2.15. However, positive sentiment entered the market as Hong-Kong based Hasdex listed XRP for its institutional clients today. Nonetheless, the xrp price is yet to make any major movement as it is still trading at $2.20.

Solana Price Tests Key Support

Among the list of top coins, SOL had one of the worst downfalls as it dropped nearly 7% from its daily candle opening. While the price was falling the trading volume surged over 30%, not enough to start a panic sell-off, but sufficient enough for bulls to rethink their position.

Top Trending Coins for Today 

Today’s TOP Gainers

While well-known coins were struggling to hold their support levels, certain alt coins had become volatile and had been posting gains of even 1000%. 

The Crypto Market Overview

In the last 24 hours the overall crypto market has gained 1.83% as it stands at $2.57T trillion. However, the crypto market is currently exhibiting “ Greed” sentiment, with Fear and Greed Index at 61.  With an overall trading volume of $120.53 billion, Bitcoin continues to dominate with 53.1% of market cap share.

Also Read: crypto Market Crash: $750M In Bitcoin, ETH, XRP Liquidated; Here’s Why