Ripple (XRP) down 9% on the weekly, Cardano (ADA) followed suit: Market watcher

Bitcoi The broader cryptocurrency market consolidated without any major changes across the board, with minor exceptions, over the past 24 hours.

However, the week hasn’t painted a good picture for a lot of coins, including Ripple’s XRP and Cardano’s ADA, both of which declined by around 9%.

Let’s dive in.

Bitcoin price stable above $30K

By the end of the week, bitcoin price remained somewhat solid above $30K.

The cryptocurrency fell below a pivotal level yesterday evening (EU timezone), but managed to recover immediately. The bulls have so far been able to defend a key psychological point.

During the same period, bitcoin dominance has remained relatively flat, indicating that the primary cryptocurrency has failed to gain any traction compared to the rest of the market.

XRP, ADA post weekly losses

Both XRP and ADA have experienced significant losses over the past seven days, but have also declined over the past 24 hours.

As seen in the heatmap above, the altcoin market is showing mixed signals and is not making any significant moves in either direction.

Today’s best performer is Stacks (STX), which is up 6%, followed by Synthetix Network (SNX) – which is up 4%. Most of the remaining altcoins are trading flat or charting minor losses.

The one who lost the most is Radix (XRD), which continues to bleed. The cryptocurrency declined by 16% during the day.

The sentiment on the crypto market is neutral at the moment. This is according to the popular Fear and Greed Index. It has declined significantly since yesterday when the market was in a greedy state.