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The cryptocurrency market saw an increase of almost $6 billion in total capitalization in the last 24 hours. In other words, not much happened. Some major coins are making occasional minor gains, but in general, the trend remains largely bullish.
Bitcoin remains indecisive at $30K and has been unable to break out of that range, but let’s see how it all pans out.
BTC price stable at $30K
As you can clearly see in the chart below, nothing concrete has happened in the last 24 hours when it comes to bitcoin price in particular.
The cryptocurrency continues to flirt with $30K, but neither side can manage to take control. The bulls have failed to recapture the crucial level, while the sellers have also been unable to push the price towards another support area.
Furthermore, altcoins have also failed to take advantage of the BTC halving. This is clearly reflected in bitcoin’s dominance – the metric that tracks its share relative to the rest of the market. It has remained stable at 46.6% in the last 24 hours.
TRON (TRX) climbed 8%, but that’s all
The heatmap below paints a picture of the previous day’s green, but most of the gains are insignificant. For example, BNB, ADA, ETH, UNI, XMR, LINK and many other cryptocurrencies failed to move even 1%.
The most obvious exception to this is TRON’s TRX. The altcoin gained 8% on the day, and is one of the best performers among the top 100 coins in terms of total market capitalization.
XDC Network (XDC) gained almost 15.5% on the day and is the cryptocurrency that has gained the most in the last 24 hours. Then there’s Casper Network’s CSPR and, you guessed it, TRX.
On the other hand, we have Flex Coin (FLEX), which is down 14.6%. The rest of the market has remained largely flat.
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cryptocurrency chart by Tradingview.
