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Crypto, Currently: May 29, 2024 - Mixed Performance as Ethereum Drops and Bitcoin Holds Steady

Daily update on the five cryptocoins, we consider the most interesting right now.

Bitcoin: Stability Amidst Market Fluctuations

Bitcoin (BTC) is showing signs of stability in a turbulent market. As of today, Bitcoin's price is $67,662.97, reflecting a modest 0.07% increase over the past 24 hours. However, it has faced a 3.08% decline over the last week. Despite these short-term fluctuations, Bitcoin's 30-day performance remains robust, with a 7.83% increase. Bitcoin's circulating supply is 19,705,053 BTC, contributing to a market cap of over $1.33 trillion.

Ethereum: Recent Decline Amid Monthly Gains

Ethereum (ETH) has seen a significant drop of 1.81% in the last 24 hours, bringing its price to $3,780.51. This decline contrasts with its 7-day performance, where Ethereum has managed to rise by 1.52%. Over the past month, Ethereum has experienced a substantial growth of 19.24%. The circulating supply of Ethereum stands at 120,138,397 ETH, resulting in a market cap of approximately $454.18 billion.

Solana: Recovering from Weekly Losses

Solana (SOL) is attempting a recovery with a 0.42% increase in the past 24 hours, pricing it at $168.87. Despite this recent uptick, Solana has faced a 6.54% decline over the past week. However, on a 30-day scale, Solana has seen a remarkable 23.64% increase, showcasing its long-term growth potential. Solana’s market cap is about $77.60 billion, supported by a circulating supply of 459,505,948 SOL.

Immutable X: Facing Short-Term and Long-Term Pressure

Immutable X (IMX) has experienced a 1.82% decline in the last 24 hours, bringing its price down to $2.25. This drop is part of a larger trend, with IMX falling 8.26% over the past week. Despite these losses, IMX has achieved an 11.01% increase over the last 30 days. The circulating supply of Immutable X is 1,482,345,419 IMX, and its market cap is around $3.34 billion.

Maker: Continues to Struggle

Maker (MKR) is facing challenges, with a 1.04% decrease in the last 24 hours, pricing it at $2,686.91. Over the past week, Maker has seen an 8.69% decline, and its 30-day performance shows a 3.13% drop. Despite these setbacks, Maker maintains a market cap of approximately $2.49 billion, with a circulating supply of 927,655 MKR.

Market Overview: Volatility and Potential

The cryptocurrency market remains volatile with mixed performances across major assets. Bitcoin's stability contrasts with Ethereum's recent decline, while Solana shows potential for recovery. Immutable X and Maker face ongoing challenges. Investors should stay informed and consider both short-term fluctuations and long-term trends in their strategies.

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