Crypto Prices Today: Bitcoin Price Near $109K While Ethereum Hits $2,645

Crypto market is up today by 0.59% as Bitcoin price steadies at $108K and altcoins rally
Crypto Prices Today: Bitcoin Price Near $109K While Ethereum Hits $2,645
Written By:
Aayushi Jain
Published on

Key Takeaways

  • Bitcoin price today is $108,926.58 with a marginal 0.01% 24-hour gain, showing signs of consolidation.

  • Altcoins rally, led by Ethereum’s price hike of 3.38%, while Cardano remains the only top-10 crypto in the red.

  • Circle’s impending IPO, Thailand considering crypto for tourism, BGUSD’s launch, and ETF inflows are impacting the crypto prices today. 

The crypto market today is up by 0.59% to a market cap of $3.44T as of 10.40 AM on May 28, 2025. The rise reflects growing investor confidence amid institutional activity and steady ETF inflows. Bitcoin price today holds firm at $108,926.58 while Ethereum breaks past $2,600, posting a solid 3.38% gain. Most altcoins are in the green, with TRON, BNB, and Solana registering modest gains. Cardano is the only top-10 crypto in the red. Stablecoins maintain their pegs as Circle’s IPO filing and Ethena’s rise dominate DeFi headlines.

Crypto Prices Today

Let’s break down how major cryptocurrencies performed over the last 24 hours.

Bitcoin (BTC) Maintains Position Above $108K

Bitcoin price today is $108,926.58, up just 0.01% in the last 24 hours. Today’s price shows a phase of sideways consolidation. It holds a market cap of $2.16 trillion and a trading volume of $54.30 billion. The circulating supply is now 19.87 million BTC. 

The world’s largest cryptocurrency has surged over 56.9% in the past year. Lennix Lai, Global Chief Commercial Officer at OKX, stated, “Bitcoin’s sustained upward trajectory is due to increased institutional adoption and its maturation as a credible asset.” Analysts now view the $106,000 level as a key support zone. Bulls are holding firm, awaiting new macroeconomic cues or institutional capital injections to confirm the next leg upward.

Ethereum (ETH) Jumps 3.38% to Cross $2,645

Ethereum price today stands at $2,645.46, up 3.38% in 24 hours. It boasts a $319.62 billion market cap and $26.27 billion in daily volume. The circulating supply stands at 120.72 million ETH.

Significant ETF inflows point toward a continued bull run. Ethereum surged past $2,600 in early Asia hours. The price hike is supported by robust trading volume and $248 million in net inflows into spot Ethereum ETFs last week, led prominently by BlackRock’s iShares Ethereum Trust.

DeFi activity is also expanding. Ethereum’s TVL climbed 3.59% to $64.37 billion in the last 24 hours, per DeFi Llama. However, user growth remains muted. Active Ethereum addresses hover near 406,180, almost flat compared to last year’s 430,000.

Market-Wide Altcoins Bull Run Continues

All the major altcoins in the top ten cryptocurrencies followed Bitcoin’s price surge, registering modest gains. Here’s a breakdown:

XRP price today is $2.30, up 0.61%. With a $135.34 billion market cap and $2.11 billion in daily volume, XRP shows resilience despite some bearish chart patterns. Investor sentiment is boosted by the ongoing evaluation of the WisdomTree XRP Fund ETF by the SEC. If approved, it would allow investors exposure to XRP through traditional brokerage platforms, increasing accessibility.

BNB price today is $682.49, up 1.19%. With a $96.15 billion market cap and $2.03 billion trading volume. BNB is riding high on new product launches in the Binance ecosystem.

Solana price today is $174.62, up 0.89% in the past 24 hours. It has a $90.87 billion market cap and $3.63 billion in volume, with 520.4 million SOL in circulation.

TRON price today is $0.2765, with a 0.37% gain. Its market cap stands at $26.24 billion with $604.28 million in daily volume.

Cardano is the only altcoin in red today. Its price at press time was $0.7528, down 0.15%. Its market cap is $26.60 billion with a trading volume of $689.42 million. While ADA remains under pressure, developers are optimistic about upcoming upgrades such as the Hydra protocol. Its long-term prospects remain intact.

Also Read: 5 Best Altcoins to Buy for the Next Crypto Bull Run

Dogecoin (DOGE) Rises 0.24% Amid Meme Resurgence

Dogecoin price today is $0.2240, up 0.24%. The meme token has a $33.48 billion market cap and $1.36 billion in daily volume. DOGE continues to ride the wave of social media buzz and celebrity endorsements. However, retail interest remains lukewarm, and volume has not fully recovered.

Stablecoins: Consistency Amid Volatility

Tether (USDT) remains firmly pegged at $1.00, with a 0.02% increase. Market cap stands at $152.97 billion and daily volume at $84.96 billion. USDC trades at $0.9997 with a $61.37 billion market cap and $11.84 billion volume.

While traditional stablecoins show flat growth, newer entrants like Ethena’s USDe and BUIDL are seeing increased adoption. This reflects a broader shift in user behavior within DeFi platforms.

Global Context: Crypto Meets Real-World Utility

New sectoral developments that may affect crypto prices today are:

Thailand on Crypto for Tourism: Thailand is exploring crypto-linked credit card platforms for tourists. According to Deputy PM and Finance Minister Pichai Chunhavajira, the goal is to modernize financial systems and make the country crypto-friendly for international visitors. The initiative is currently under review by the Ministry of Finance and the Bank of Thailand.

Bitcoin’s Role as Generational Wealth Surpasses Luxury Watches: Bitcoin’s role as a mature asset class becomes clearer. Jake Plonskier of Watches.io remarked, “Crypto wealth introduced a whole new market that can afford watches. Now men under 30 can afford Pateks and APs.” However, while crypto surged, luxury watches fell 4%. Thus, showing that their once-tight correlation has finally broken.

USDC Issuer Files IPO: Circle, the issuer of USDC, has filed for an IPO on the NYSE under the ticker ‘CRCL.’ The offering may raise nearly $250 million through the sale of 9.6 million shares, with additional stakeholder shares possibly bringing the total to $625 million. This move signals growing confidence in stablecoin-backed business models.

New Bitget Stablecoin BGUSD Gets Attention: BGUSD was introduced on May 27, it is redeemable for USDC at a 1:1 ratio, and can be purchased using USDC or tether ( USDT). A promotional 5% annual percentage yield (APY) will apply for the first 30 days. “With BGUSD, we are delivering a solution that bridges the best of both worlds: the transparency and innovation of crypto with the stability and yield opportunities traditionally found in real-world assets,” said Bitget CEO Gracy Chen. 

Conclusion

Crypto prices today reflect a broadly optimistic sentiment, led by Bitcoin’s steady climb and Ethereum’s breakout past $2,600. Altcoins like TRON, BNB, and Solana are also showing healthy gains, signaling a resilient market. However, subdued retail activity and muted growth in active addresses suggest that caution remains warranted. As new regulatory developments and institutional moves unfold, investors will be closely watching for the next big catalyst in the crypto market today.

Also Read: Crypto Market Today: Circle’s IPO, Cantor’s Bitcoin Loans, and Metaplanet Premium in Focus

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