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XRP Defies Market Sentiment with 3% Rise, BTC Falls Below $27,000 (Market Watch)
Bitcoin has fallen by over a thousand in the last 24 hours and today recorded its lowest price in about a week. Altcoins are also currently slightly in the red, with LDO falling the most (over 6%). Bitcoin Slips Below $27,000 Last week's adverse market conditions peaked on Friday as BTC fell to a two-month low of $25,800. However, the asset recovered over the weekend and spent most of its time at around $27,000. Monday started on a positive note as BTC rose to $27,600. However, it failed there and quickly lost all of its daily profits. On…
XRP Defies Market Sentiment with 3% Rise, BTC Falls Below $27,000 (Market Watch)
Bitcoin has fallen by over a thousand in the last 24 hours and today recorded its lowest price in about a week.
Altcoins are also currently slightly in the red, with LDO falling the most (over 6%).
Bitcoin slips below $27,000
Last week's adverse market conditions peaked on Friday as BTC fell to a two-month low of $25,800. However, the asset recovered over the weekend and spent most of its time at around $27,000.
Monday started on a positive note as BTC rose to $27,600. However, it failed there and quickly lost all of its daily profits. Another increase occurred on Wednesday, but the bears intercepted the move again and BTC failed to challenge the $27,500 level.
The subsequent rejection was much more violent than the previous one. Bitcoin rose many times over and fell to a weekly low of $26,400. Although Bitcoin has since regained several hundred dollars, it is still trading below $27,000 as it is down 2% on the day.
As a result, its market capitalization has fallen back to $520 billion, while its dominance over altcoins stands at just under 46.3%.
BTCUSD. TradingView
XRP defies market sentiment
Most altcoins also followed suit with minor daily declines. Ethereum, for example, is down about 1% and is on the verge of falling back below $1,800. Binance Coin is back below $310 after a similar daily decline.
Cardano, Solana, Litecoin, Polkadot, Shiba Inu and Avalanche recorded a decline of around 1-2%. Further daily losses come from companies like ChainlinkATOM and TONCOIN – all down around 3%.
Lido DAO's native token has fallen the most among larger cap altcoins, with a nosedive of 6%. However, LDO is still trading above $2.1.
Ripple is the only top 10 alternative with a slight daily increase. XRP, perhaps fueled by positive developments surrounding the blockchain company's legal battle against the SEC, is up about 3% and trading above $0.45.
The total crypto market cap wiped out yesterday's gains and fell to $1.120 trillion.
Overview of the cryptocurrency market. Quantify Crypto