The cryptocurrency market is seemingly slowing down after days of continuous increases, and most of the coins are charting slight declines.
Nevertheless, the market sentiment remains positive, with some altcoins keeping up their stellar performance.
Bitcoin Bulls Fight for $30K
It seems that $30K is an important level for Bitcoin bulls, not only from a technical standpoint but also from a psychological one. That’s why the battle for it is fierce.
At the time of this writing, BTC is trading right at the level, down 0.3% in the past 24 hours but up 17.4% on the weekly.
As seen in the chart above, the price has been consolidating following a major move, and it’s interesting to see where this calmness will take it next.
In the meantime, Bitcoin’s dominance continues increasing, and it’s at 48% compared to 47.7% yesterday. This is the metric that tracks Bitcoin’s share relative to that of the rest of the market, and it’s on its way up, signaling that BTC is performing better than altcoins.
PEPE Coin Continues to Impress
The market is mostly covered in the red today, with the majority of altcoins charting slight gains. This is perhaps expected following the major rally from the past few days.
It’s worth noting that some altcoins are a clear exception to the choppy PA of today. PEPE is up 10% in the past 24 hours, bringing its total gains to a whopping 70% for the week. This also makes it the best performer for the day and for the week.
KASPA is a close second for the day with a 9% increase, followed by Bitcoin SV (BSV) with 8.9%.
On the other end of the spectrum, there are Stacks (STX), which is down 8.2% and performed the worst for the past 24 hours, followed by FLOW (down 7.3%), and ApeCoin (APE) – down 6.4%.
All in all, it’s interesting to see how the market will turn during the slower incoming weekend volume.
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Cryptocurrency charts by TradingView.