BTC Tests $31K as Bitcoin Cash Soars 30%: Market Watch

The past 24 hours saw Bitcoin’s price attempt a shot at $31K and maintain its dominance over the rest of the market.

It’s worth noting that some altcoins performed incredibly well, charting gains close to 30%. Let’s dive in.

Bitcoin Price Taps $31K

As Crypto Potato reported yesterday, Bitcoin’s price soared to $31K, sparking a wave of liquidations totaling upward of $100 million.

Source: Trading View

It’s worth noting that Bitcoin’s dominance – the metric which tracks its share relative to that of the rest of the market – is also up. This signifies that the primary cryptocurrency has been performing a lot better compared to altcoins.

Unfortunately for the bulls, they were unable to sustain the price above $31K. Sellers stepped in and pushed it below this level to where it currently trades at around $31,600.

Bitcoin Cash (BCH) Leads Altcoins Push

Bitcoin Cash (BCH) is today’s best performer by a long shot. The cryptocurrency is up 30% in the past 24 hours alone, adding to its total gains of more than 70% for the week.

A close second is Bitcoin SV (BSV), which is up over 21% during the day and over 44% during the week. Ethereum Classic (ETC) is right behind them with 11.4% daily gains.

Source: Quantify Crypto

As seen in the heatmap, most of the market is trading well in the green. Litecoin (LTC) increased by a total of 5.4%, followed by Polkadot (DOT), and Solana (SOL).

Maker (MKR) is today’s worst performer, down about 4.6%. SUI, Optimism (OP), Conflux (CFX), and Injective (INJ), are also down by about 3% each.


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making investment any decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Source link

Leave a Comment