Bitcoin Preparing A Charge At $27K
By Kapil Rajyaguru
The cryptocurrency market has remained mostly flat for the past 24 hours, and Bitcoin has been unable to make a move throughout the period. However, this might as well be a stepping stone and a preparation for an attempt at $27K.
Most of the altcoins have remained flat with certain exceptions, so let’s dive in.
Bitcoin’s price has failed to produce anything of substance throughout the past 24 hours and remains largely situated around where it was trading yesterday – at around $26,500.
Ether was trading around $1630 with barely any change in the last 24 hours.
Altcoins also failed to deliver any action in the past 24 hours, which is perhaps to be expected, given that the market tends to be slower on the weekend.
Ethereum, XRP, SOL, TRX, ADA, DOGE, BNB, and many other leading cryptocurrencies are all charting very slight changes below 1% in either direction.
The most obvious example of the above is TON, which continues ripping and is up another 12% in the past 24 hours. The cryptocurrency has consistently been among the best performers in the past week. It’s up almost 40% for the week.
Axie Infinity’s AXS token is today’s worst performer, down about 6.4%, followed by Kaspa’s KAS, which is down 5.5%.
The global crypto market cap is $1.05T, a 0.39% decrease over the last day.The total crypto market volume over the last 24 hours is $16.57B, which makes a 26.79% decrease. The total volume in DeFi is currently $1.97B, 11.91% of the total crypto market 24-hour volume. The volume of all stable coins is now $14.36B, which is 86.67% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 48.98%, an increase of 0.13% over the day.
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