Altcoins
Bitcoin Flirts With $26,000, These 2 Altcoins Soared Today: Market Watch
Bitcoin price showed signs of recovery after Monday’s price plunge and even hit a two-week high above $26,500 earlier.
On the altcoin side, XLM fell the most, while TONCOIN, COMP and RLB jumped by double digits.
BTC’s $26,000 effort
After last week’s failed attempt to decisively surpass $26,000, bitcoin lost almost all momentum and traded below that level for days, including the stagnant weekend.
That changed Monday evening when the cryptocurrency collapsed by about a grand and marked a two-month low at less than $25,000.
Nevertheless, the bulls intercepted the move and did not allow further declines. Rather, they pushed the asset north and BTC rose above $26,000 the next day. Additionally, bitcoin hit its highest level in two weeks last night at just over $26,500.
However, he failed to maintain it and has since lost around $500. As a result, the asset is now trading just below $26,000. Its market capitalization has defended the $500 billion mark, while its dominance over alternatives reaches 49%. The metric has added almost 1% over the past few days.
RLB, TON on a roll
Most altcoins have also faced increased volatility over the past day, but are relatively calm compared to 24 hours ago. On one hand, ETH, BNB, TRX, MATIC and LTC have seen minor gains, while on the other, XRP, ADA, DOGE, SOL, DOT and SHIB are slightly in the red.
Stellar’s native cryptocurrency fell the most today, losing more than 8% of its value. As a result, XLM is now struggling at $0.12.
In contrast, TONCOIN and Compound climbed 15% and 12%, respectively, to near $2 and $40.
Rollbit Coin is up by similar percentages and is trading near $0.15.
The total crypto market capitalization managed to add a few billion over the past day and is around $1.040 trillion on CMC.
Cryptocurrency market overview. Source: Quantify Crypto SPECIAL OFFER (Sponsored)
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