The last 24 hours in the cryptocurrency markets saw a total capitalization increase of about $6 billion. In other words, nothing much happened. Some of the major coins charted very small gains, but overall, the trend remained largely rangebound.
Bitcoin remains indecisive at $30K and cannot break out of that range, but let’s see how it all plays out.
As you can clearly see in the chart below, the last 24 hours have not yielded anything when it comes to the price of Bitcoin in particular.
The cryptocurrency continues to flirt with $30K, but neither side can take control. The bulls failed to recover the level decisively, while the sellers also could not push the price to another support zone.
In this, altcoins also failed to take advantage of BTC stagnation. This is clearly shown in the dominance of Bitcoin – the metric that tracks its share in relation to the rest of the market. It also remained flat at 46.6% in the last 24 hours.
The heatmap below paints a green picture of the previous day, but most of the gains are less predictable. For example, BNB, ADA, ETH, UNI, XMR, LINK, and many other cryptocurrencies failed to increase by even 1%.
The most obvious exception to this is TRON’s TRX. The altcoin pumped 8% on the day, and it was one of the best performers from the top 100 coins by total market capitalization.
XDC Network (XDC) exploded by some 15.5% on the day and was the cryptocurrency that gained the most in the last 24 hours. It was followed by Casper Network’s CSPR and, you know, TRX.
On the other hand, we have FLEX Coin (FLEX), which is down 14.6%. The rest of the market remained flat.
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Cryptocurrency charts by TradingView.
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