Over the past 24 hours, the cryptocurrency market has gradually declined, losing $9 billion in capitalization. This follows the losses of cryptocurrencies, which have undergone overall minor declines.
Meanwhile, the bitcoin price remains unchanged from where it was yesterday.
Bitcoin battle for $30,000
The bitcoin price never broke the $30k mark. Furthermore, it looks like the bears are trying to retake control of the situation as they were able to bring the price down to $29.6k.
However, buyers jumped in and brought it back to its current trading price of around $29.9k.
It’s worth noting that bitcoin’s dominance has increased by about 0.2% over the past 24 hours. While this may seem like a small increase, it actually indicates that BTC has overtaken altcoins and gained a larger market share.
When it comes to altcoins, most of them are in decline.
Low altcoin prices
As you can see from the heat map below, most altcoin markets, especially among those with large capitalization, have seen a steady decline over the past 24 hours.
Among cryptocurrencies, Kaspa stands out, which rose by an impressive 14.4% over the last day. It is followed by XDC Network, which also rose by about 9%. It is important to note that XDC had its best performance yesterday. On the opposite end of the spectrum, Stellar’s XLM, which is down 6.5% today, has the worst performance, followed by XRP, which is down 4.5%.