Bitcoin price today is $106,080.70, down 1.27% as the crypto market sees red, declining 2.11%.
The US Court of Appeals ruling and Trump-era tariffs have reignited fears of inflation and trade wars, hitting Bitcoin.
Ripple’s XRP price today drops 2.56% amid SEC silence, jeopardizing XRP-spot ETF hopes.
The crypto market is down today by 2.11% to $3.34 T on May 30, 2025, as of 10.30 AM. The top ten tokens are showing negative momentum. Bitcoin has slipped to $106,080.70, reflecting global investor caution amid macroeconomic uncertainties. Ethereum has also dropped sharply, falling 3.31% to $2,635.31. The broader market is reacting to the tight US Federal Reserve policies, fresh global tariffs, and the questionable Trump crypto moves. Legal uncertainties and disappointing ETF trends are further discouraging crypto investors.
Let’s take a deep dive into what’s happening with the crypto prices today of the world’s top ten cryptocurrencies.
Bitcoin price today is $106,080.70, down 1.27% in the past 24 hours. Its market cap stands at $2.11 trillion, with a 24-hour volume of $55.46 billion. Circulating supply remains at 19.87 million BTC. The US BTC-spot ETF market saw outflows of $471.8 million, breaking a ten-day inflow streak.
The latest US Personal Income and Outlays Report, released early on the morning of May 30, points to a hopeful recovery for Bitcoin. If trade friction eases, and the Market Structure Bill and the Bitcoin Act come into effect, then the Bitcoin price may again reach the record high of $111,917. The Bitcoin Act proposes that the US government acquire one million BTC over five years, with a mandatory 20-year holding period
Ethereum price today is $2,635.31, marking a 3.31% decline. It now holds a market cap of $318.14 billion with a trading volume of $23.83 billion. Ethereum’s supply is at 120.72 million coins.
The decline is linked to reduced inflows to Ethereum ETFs and fading excitement over DeFi. Despite long-term bullish expectations, Ethereum is currently under pressure from profit-taking and broader crypto market fatigue.
All altcoins in the top ten tokens have taken a downturn today:
XRP (XRP): Down 2.56% to $2.22. Regulatory fog deepens as the SEC remains silent following its closed meeting on May 29.
The SEC may disapprove XRP-spot ETF applications if it pursues an appeal, which Ripple may counter with a cross-appeal. As one analyst noted, “A settlement could prove pivotal in resolving the case.”
BNB (BNB): Down 1.35% to $672.10. Binance ecosystem remains strong, but broader sentiment weighs on price action.
Solana (SOL): Falls 3.50% to $165.39. NFT volume is resilient, but macro fears dominate.
TRON (TRX): Slides 1.04% to $0.2712. Holds regional strength in Asia but is weak globally.
Cardano (ADA): Drops 5.66% to $0.7078, marking one of the steepest declines today.
Dogecoin (DOGE): Down 7.05% to $0.2082 amid sharp waning in meme coin enthusiasm.
Also Read: 5 Best Altcoins to Buy for the Next Crypto Bull Run
Stablecoins continue to be the go-to safe havens:
Tether (USDT): Holds steady at $1.00, market cap $153.11 billion, trading volume $89.24 billion.
USD Coin (USDC): Stable at $0.9999, market cap $61.05 billion.
These assets offer stability as traders flee volatile altcoins and await policy clarity.
The following factors are contributing to crypto price fluctuations today:
US Personal Income Data: On May 30, the US Personal Income and Outlays Report revealed moderate income growth (0.3%) and consumption (0.2%). The PCE Price Index dropped to 2.1% YoY, while Core PCE fell to 2.5%, indicating weaker inflation. T
This cool-down increases the possibility of dovish Federal Reserve policy, which typically supports risk assets like crypto. Lower inflation increases the likelihood of a more accommodative monetary policy, potentially lower interest rates or a pause in rate hikes.
Trump Tariffs: On May 29, the US Court of Appeals reinstated President Trump’s Liberation Day tariffs, fueling fears of a renewed US-China trade war. This rekindled concerns about inflation and dragged down risk assets, including BTC.
US Economic Data: A major reason behind bearish market sentiment today is US economic data showing cracks in the labor market. Jobless claims have risen to 240K, and corporate profits have slipped 3.6% in Q1 2025. These factors reinforce recession concerns and weaken Bitcoin’s short-term outlook.
Trump Crypto Involvement in Pakistan: Trump-backed World Liberty Financial Inc. (WLFI) is under Senate scrutiny. The company signed a controversial Letter of Intent with the Pakistan Crypto Council, just days before a Trump ceasefire claim between India and Pakistan.
The Senate Permanent Subcommittee on Investigations is now probing potential legal violations, casting more uncertainty over the crypto space. “The future of finance must be shaped in Washington, not in Beijing or Moscow,” WLFI legal counsel argued amid the investigation.
Crypto prices today reflect a significant pullback driven by global uncertainty, inflation fears, and regulatory risk. Bitcoin’s drop to $106K and Ethereum’s 3% slide reflect a sharp risk-off tone. SEC's silence over XRP and ETF outflows are worsening the mood. However, signs of easing inflation and pending crypto legislation offer reasons for medium-term optimism. Investors should remain alert as volatility is likely to persist into June’s key macro and policy events.
Also Read: Crypto Market Today: Telegram’s Bond Raise, Stablecoin Growth, &VP Vance’s Pro-Bitcoin Declaration Shape Industry Outlook