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The last day of May seems to be bullish for traders as all of the top 10 coins are in the green zone.
BTC/USD
Bitcoin (BTC) has gained the least today from our list as the rate of the main cryptocurrency has risen by 4.59% over the last day.
Bitcoin (BTC) has once again successfully bounced off the $34,000 mark, confirming bullish influence. However, the buying trading volume is at its lowest level, which means that bulls are not ready yet for sharp growth.
In this case, the sideways range between $37,000 and $38,000 is the more likely scenario for the next several days.
Bitcoin is trading at $37,045 at press time.
ETH/USD
Ethereum (ETH) has shown greater growth than Bitcoin (BTC) with a price change of +10.36%.
The ongoing rise of Ethereum (ETH) is not accompanied by a growing trading volume, which means that bears may seize the initiative soon. If bulls can fix above the vital mark of $2,700, the level of $3,000 may be attained by the end of the week.
Ethereum is trading at $2,612 at press time.
XRP/USD
XRP is the biggest gainer today, rocketing by 15% since yesterday.
XRP is an exception to the rule to a certain extent as the rise may continue, supported by increasing trading volume. If buyers can hold the vital mark of $1, the next level at $1.09 can be achieved very soon.
XRP is trading at $1 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov