The crypto market stayed under pressure on May 27, with total market capitalization falling to $2.62 trillion, down 0.6% over the past 24 hours. Trading activity reached $98.66 billion. Sentiment weakened sharply as the Fear & Greed Index dropped from 34 to 25, placing the market in extreme fear.
Large-cap assets moved lower again. Bitcoin traded at $75,793.78, down 1.27% in 24 hours, with volume at $35.8 billion and market capitalization near $1.51 trillion. Ethereum stood at $2,073.63, off 1.13%, with $15.41 billion in trading volume and a market cap of about $254 billion. Bitcoin dominance was listed at 58%, while Ethereum accounted for 9.56%.
Trending tokens and daily movers split sharply
Among the assets drawing the most attention, SLX traded at $0.1954. Its price was unchanged, yet it remained in the top five trending assets over the past day. XRP traded at $1.33, down 0.92%, and SOL changed hands at $83.92, lower by 0.59%. LUNC was one of the standout movers, rising 9.7% to $0.00008948 on volume of $64.27 million.
Other notable gainers included WLD, SEI, and FET, which climbed 11.71%, 11.63%, and 11.25%. On the losing side, ZEC, WLFI, and DEXE posted some of the largest declines. ZEC was quoted at $573.61, down 9.91%.
Stablecoins stay flat while DeFi expands
The stablecoin segment showed no negative change over the last 24 hours. Its combined market capitalization stood at $317.97 billion, with trading volume at $85.86 billion. DeFi recorded a different pattern. The sector rose 4.7% over the same period, reaching a market cap of $63.9 billion and volume of $4.78 billion. Global DeFi dominance was listed at 2.4%.
Binance, FTX, and derivatives updates add fresh catalysts
Several market-moving developments landed on the same day. Binance said it will end deposit and withdrawal support for selected token networks, including DODO, HFT, SYN, and TLM, starting June 3. FTX set June 16 as the next registration deadline for creditors, while compensation payouts and NFT-related distributions are expected to start by late July.
CME Group also launched Avalanche and Sui futures, adding new crypto derivatives products for institutional traders. Separately, Bloomberg analyst Eric Balchunas said BlackRock’s IBIT saw a single $1.3 billion trade, while Bitcoin ETF prices remained largely stable during that transaction.
Policy and network product updates keep building
On the policy side, TD Cowen said the Clarity Act may face difficulty passing this year because of political tensions, which could delay final U.S. crypto regulation until 2029. Donald Trump said prediction markets should be protected under CFTC oversight and described the crypto sector as strategically important to U.S. financial innovation and regulation.
At the product level, Coinbase’s Base network introduced Base MCP, which lets users interact with wallets and DeFi apps through AI assistants using natural language commands. Optimism also began a four-week experiment in which users staking at least 100,000 OP can receive preferred transaction ordering in block production. Compared with the May 26 market update, the decline from $2.64 trillion to $2.62 trillion in total market cap, alongside higher trading volume, points to heavier panic-driven activity in the short term.