Rain climbs 40% to an all-time high; BTC drops $3K in daily market downturn.

crypthub

about 19 hours ago

Bitcoin Price Volatility

After rallying to $78,000, Bitcoin fell roughly $3,000 following a sharp rejection. The coin slipped below $80,000 on May 16 and hit a low of $74,500 on May 23. A brief rebound to $78,000 was sparked by reports of a US‑Iran peace effort, but renewed conflict pulled it back to around $76,000. Its market cap dropped to $1.52 trillion, with dominance now near 58%.

RAIN’s Surge

RAIN led the top‑100 altcoins, jumping more than 44% and hitting a new all‑time high near $0.012. ICP and UB also rose double digits, while NEAR, ZEC, CC, ONDO and WLFI posted declines. Ethereum fell below $2,100 and XRP stayed under $1.35, highlighting RAIN’s outperformance.

Crypto Market Overview

The total crypto market cap held above $2.6 trillion, roughly $20 billion higher than the previous day. Bitcoin’s dip and RAIN’s rise illustrate the sector’s mixed momentum. Analysts cited a large BlackRock IBIT sale as a factor in Bitcoin’s recent weakness.