The altcoin market has generally been following a course parallel to Bitcoin's movements recently. While Bitcoin's rises pull altcoins up, BTC's pullbacks can lead to sharper declines in altcoins.

General Market Status and Trends:

* Bitcoin's Dominance: Bitcoin's market dominance is an important indicator of whether an altcoin season will occur. Despite Bitcoin's gains, it is stated that the "altcoin season" expected in the first months of 2023 and 2024 has not fully materialized. Some analysts predict that altcoins may start a bull season after making a final bottom and that a bull may be seen by September after a small bear trap in June.

* Volatility: The crypto market is generally highly volatile. Altcoins in particular may exhibit sharper price movements than Bitcoin. Recent leverage collapses in Bitcoin (losses of $110 million) and net outflows in Bitcoin ETFs can cause market fluctuations.

* Regulations and Corporate News: Regulatory news such as the CMB's "proof of reserve" regulation for crypto asset platforms and steps taken by large companies (such as Webus International's $300 million XRP purchase, Paris Saint-Germain's creation of a Bitcoin reserve) towards the cryptocurrency market are affecting the market. News such as the SEC's postponement of Grayscale's AVAX and ADA ETF application decision can also put pressure on altcoins.

Highlights in the Last 24 Hours (as of May 30, 2025):

State of Major Altcoins (General Trends):

* Ethereum (ETH): The second largest cryptocurrency after Bitcoin. Although it generally moves parallel to Bitcoin, it can sometimes diverge with developments in its own ecosystem (such as ETH ETF applications).
* Ripple (XRP): It has been under pressure for a long time due to the SEC case. There have been positive developments recently, such as the news of a large XRP purchase by a Chinese company.

* Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX), Chainlink (LINK), TRON (TRX), etc.: These major altcoins are generally sensitive to the general market sentiment and Bitcoin's movements. While they can lose value quickly in market declines, they can also show the potential for rapid recovery in rises.

In summary: There is a general uncertainty and volatility in the altcoin market. Bitcoin's performance, in particular, continues to greatly affect the future movements of altcoins.