Bitcoin Fights For $30K While Altcoins Bleed Out (Market Watch)

The cryptocurrency market has been bleeding out slowly throughout the past 24 hours, losing some $9 billion in the process. This comes on the back of losses from altcoins, which have been charting slight declines across the board.

Meanwhile, Bitcoin’s price keeps stagnating at the same place it was yesterday.

Bitcoin Fights For $30K

The Bitcoin price has failed to overcome the $30K level. What is more – it appears that the bears are attempting to take control of the action and even managed to push the price down toward $29.6K.

Buyers stepped in, however, and brought it back to where it currently trades at around $29.9K.

Source: TradingView

It’s interesting to note that the Bitcoin dominance has increased by around 0.2% in the past 24 hours. While this might seem like an insignificant increase, the fact is that it shows that BTC fared better than altcoins and claimed a larger market share.

Speaking of altcoins, most of them are bleeding out.

Altcoins On the Low

Most of the altcoin market, especially across those with a higher capitalization, are posting consistent declines during the past 24 hours, as seen in the heatmap below.

Source: Quantify Crypto


The cryptocurrency that stands out from the pack is Kaspa, which is up a considerable 14.4% over the past 24 hours, followed by XDC Network, which is also up around 9%. It’s worth noting that XDC was yesterday’s best performer.On the other end of the spectrum, Stellar’s XLM is today’s worst performer, dropping by 6.5% , closely followed by XRP, which lost 4.5%.


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker