Bitcoin Stability, Altcoin Confusion… BTC ETH XRP SOL May Price Analysis

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Bitcoin is maintaining a price close to its historical high, showing stability. As of May, the Bitcoin price is approximately 144.97 million won, which slightly decreased by 0.34% in 24 hours but is trading within a narrow range with little volatility.

Experts assess that Bitcoin is recording lower volatility than gold and report that on-chain indicators remain strong even under the influence of the derivatives market. Currently, 99% of Bitcoin addresses are analyzed to be in a profitable state.

Ethereum is currently trading around 3.5 million won, establishing a strong support line in the 3 million won range. While showing a positive trend since the 'Consensus 2025' event, it has shown a short-term decline of 2.78%.

Solana is trading at approximately 236,000 won, continuing a notable upward trend. Analysis suggests that the expanded optimism in the market after the Consensus event positively influenced Solana's price.

XRP is currently trading at around 3,322 won, declining by 1.74%. Investors are attempting to diversify investment returns by exploring strategies such as cloud mining.

The total cryptocurrency market capitalization reaches approximately 3.28 trillion dollars, with a 24-hour trading volume of 109.9 billion dollars. Bitcoin's market dominance is 62.52%, continuing to lead the market.

After the Consensus 2025 event, trading volumes on major exchanges increased, with Binance's BTC/USDT trading volume rising by 12%. Experts evaluate that this stable trend could form the basis for a long-term upward cycle, forecasting that on-chain data and consistent institutional interest are likely to support major cryptocurrency prices.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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