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Bitcoin price attempted to reach $31K in the last 24 hours and continues to dominate the rest of the market.
It is worth noting that some altcoins have performed incredibly well, posting gains of close to 30%. Let’s dive in.
Bitcoin Price Reaches $31K
As crypto potato As reported yesterday, the bitcoin price soared to $31K, triggering a wave of total liquidations above $100 million.
It’s worth noting that bitcoin’s dominance — the metric that tracks its share compared to the rest of the market — is also up. This means that the primary cryptocurrency is performing much better than the altcoins.
Unfortunately for the bulls, they were unable to sustain the price above $31K. The sellers stepped in and pushed it below the level where it is currently trading around $31,600.
Bitcoin Cash (BCH) Leads the Promotion of Altcoins
Bitcoin Cash (BCH) is the best performer for a long time today. The cryptocurrency is up 30% in the last 24 hours alone, bringing its total gains for the week to over 70%.
In second place is Bitcoin SV (BSV), up over 21% during the day and over 44% during the week. Ethereum Classic (ETC) is right behind them with 11.4% daily gains.
As seen in the heatmap, most of the market is trading well in the green. Litecoin (LTC) gained a total of 5.4%, followed by Polkadot (DOT), and Solana (SOL).
Maker (MKR) was the worst performer today with a fall of 4.6%. SUI, Optimism (OP), Conflux (CFX), and Injective (INJ) also declined by about 3% each.
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Disclaimer: Information found on Cryptopotatoes is from the cited authors. It does not represent the opinion of Cryptopotatoes to buy, sell or hold any investment. You are advised to do your own research before making any investment decision. Use the information provided at your own risk. See disclaimer for more details.
cryptocurrency chart by Tradingview.
