Crypto Market Sees Major Moves: Bitcoin Dips, Moonchain Soars 300%
May 29, 2025, was a rollercoaster in the crypto world. Bitcoin (BTC) dipped below $108,000, signaling a potential market correction. Analysts suggest that large holders, or “whales,” are beginning to distribute their assets, possibly indicating a market top .
In contrast, Moonchain (formerly MXC) experienced an astronomical rise, surging over 300% in just 24 hours. This unexpected spike has caught the attention of investors and traders alike, marking it as one of the day’s standout performers .
Meanwhile, XRP continues to gain traction globally. Data reveals that nearly half of XRP futures trading occurs outside U.S. hours, emphasizing its international appeal .
On the regulatory front, Bybit has been granted a MiCA license in Austria, allowing it to operate under the European Union’s new crypto regulations. This move signifies the EU’s commitment to integrating crypto into its financial systems .
Additionally, U.S. Vice President JD Vance praised former President Donald Trump as a “champion of crypto,” highlighting the increasing political support for digital assets .
As the day concludes, the market remains as dynamic as ever, with significant shifts in prices and growing institutional interest. Investors are advised to stay informed and exercise caution in this volatile environment.
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