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The cryptocurrency market has been in a gradual decline over the past 24 hours, losing nearly $9 billion in the process. This has come on the back of losses from altcoins, which are seeing slight declines across the board.
Meanwhile, the price of bitcoin remains stable at the same place it was yesterday.
Bitcoin Fights For $30K
Bitcoin price has failed to cross the $30K level. What’s more – it appears that the bears are attempting to take control of the action and have even managed to push the price down to $29.6K.
However, buyers came forward and brought it back to where it currently trades for around $29.9K.
It is interesting to note that bitcoin dominance has increased by about 0.2% over the past 24 hours. While this may seem like a minor increase, the fact is that it shows that BTC outperformed altcoins and claimed a larger market share.
Talking about Altcoins, most of them are dying out.
Altcoins are at a lower level
Most of the altcoin markets, especially those with high capitalization, have been registering a steady decline over the past 24 hours, as seen in the heatmap below.
The standout cryptocurrency on the list is Caspa, which is up 14.4% over the past 24 hours, followed by XDC Network, which is up almost 9%. It’s worth noting that XDC was the best performer yesterday. On the other end of the spectrum, Stellar’s XLM was the worst performer today, down 6.5%, followed by XRP, down 4.5%.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
Disclaimer: Information found on Cryptopotatoes is from the cited authors. It does not represent the opinion of Cryptopotatoes to buy, sell or hold any investment. You are advised to do your own research before making any investment decision. Use the information provided at your own risk. See disclaimer for more details.
cryptocurrency chart by Tradingview.
The cryptocurrency market has been in a gradual decline over the past 24 hours, losing nearly $9 billion in the process. This has come on the back of losses from altcoins, which are seeing slight declines across the board.
Meanwhile, the price of bitcoin remains stable at the same place it was yesterday.
Bitcoin Fights For $30K
Bitcoin price has failed to cross the $30K level. What’s more – it appears that the bears are attempting to take control of the action and have even managed to push the price down to $29.6K.
However, buyers came forward and brought it back to where it currently trades for around $29.9K.
It is interesting to note that bitcoin dominance has increased by about 0.2% over the past 24 hours. While this may seem like a minor increase, the fact is that it shows that BTC outperformed altcoins and claimed a larger market share.
Talking about Altcoins, most of them are dying out.
Altcoins are at a lower level
Most of the altcoin markets, especially those with high capitalization, have been registering a steady decline over the past 24 hours, as seen in the heatmap below.
The standout cryptocurrency on the list is Caspa, which is up 14.4% over the past 24 hours, followed by XDC Network, which is up almost 9%. It’s worth noting that XDC was the best performer yesterday. On the other end of the spectrum, Stellar’s XLM was the worst performer today, down 6.5%, followed by XRP, down 4.5%.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
Disclaimer: Information found on Cryptopotatoes is from the cited authors. It does not represent the opinion of Cryptopotatoes to buy, sell or hold any investment. You are advised to do your own research before making any investment decision. Use the information provided at your own risk. See disclaimer for more details.
cryptocurrency chart by Tradingview.
